Private equity firms eye bonanza in India's affordable housing projects

Indias cash-starved residential real estate market is set to get a boost from foreign and domestic private equity firms, which are lining up big bets worth hundreds of millions of dollars for the sector.The domestic residential real estate space has been in a rut for years with failed and delayed projects putting buyers off.Developers more recently have been hit by a credit squeeze as banks struggle with bad debts and a crunch in the shadow banking sector.Private equity firms are now swooping in to buy assets at attractive valuations, say industry insiders, as ...

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