PE investments in India's real estate decline 42% in first half of 2016

PE investments in India's real estate decline 42% in first half of 2016

Hiranandani. Photo: Abhijit Bhatlekar/Mint

Private equity (PE) investments in Indian real estate dropped 42% in the six months ended 30 June from a year earlier, as the supply of quality new projects dried up because of a persistent slowdown in home sales.

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