Already the big fish in the Indian real estate sector like DLF and Parsavnath have finalised plans to float IPOs later this year, in an effort to bring in more transparency and professionalism into their portfolio to mobilise partnerships and joint ventures with the slew of foreign players coming in to enjoy the realty party. In fact, once DLF hits the capital bourses (slated for June this year) and raises the expected Rs.105 billion, the Group’s promoter K. P. Singh, may well qualify to enter the Forbes list of billionaires.
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Source IIPM-Editorial,2006
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