India has seen three hotel operators go public in the past 12 months.
Some of the big commitments came from Mahindra and Mahindra (Rs 8,000 crore), Mercedes (Rs 4,270 crore), Panchshil (Rs 5,000 crore), JSW Jaigarh Port (Rs 6,000 crore) and RCF Chemicals (Rs 6,204 crore) among others.
Clearances are delayed, funds are drying up and demand is low – in short, India‘s real estate sector is mired in rubble. But even as a string of private equity players pull out of the sector, US-based PE giant Blackstone is sensing a golden opportunity.
CNBC-TV18's weekly real estate show showcases Cushman & Wakefield‘s report on commercial property trends in Pune, Bangalore, Chennai, National Capital Region (NCR).