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First it was speculators and investors who rode the three-year real estate boom in India. Householders and companies followed, buying homes and commercial spaces. And now, lured by the massive opportunity and high returns, private equity (PE) is foraying into Indian real estate in a big way. While 2006 saw private equity investments worth $500 million (Rs 2,080 crore), the first six months of 2007 have already seen deals worth about $755 million (Rs 3,145 crore) announced. […] Another round of consolidation in the aviation sector may not be far away. The Wadias who own GoAir are willing to offload upto 26% stake in the company and are evaluating proposals from FIIs, strategic investors and private equity players. […] India Hospitality Corp (IHC) is buying Mumbai’s Mars Restaurants from Malaysian private equity fund Navis Capital Partners. It also has the option to buy restaurant chain Nirula’s from Navis by the year-end. IHC is a special purpose acquisition corporation (SPAC) promoted by two US-based entrepreneurs, hospitality sector investment and research analyst Jason Ader and entrepreneur-designer Andrew Sasoon, to acquire Indian businesses or assets in the hospitality and related industries. […] |