India: Investors, PEs are now opting for hard assets like apartments
Developers take a low cost loan from the fund at 12-14% rate. The fund also takes a certain number of apartments as equity kicker At a time when developers are facing a cash crunch and exits have become difficult, investors including private equity and non-banking financial companies are opting for hard assets such as apartments besides a fixed interest rate for their investments. Read more on: www.business-standard.com
Source : India: Investors, PEs are now opting for hard assets like apartments