MUMBAI: A construction boom and fast growing retail market are fuelling development of over 500 malls in India by 2009, but private equity and real estate funds are still struggling to find the right projects.
Funds are seeking projects with the right retail mix, size and strategy but are meeting instead with developers with unrealistic growth plans, dubious title deeds and unknown retailers with unhealthy balance sheets. "It is a scary situation at the moment.
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Monday, August 13, 2007
Investors struggle for value in India's mall rush
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