Real Estate & Rupee Readings: HSBC realty fund, K P Singh, MSS, PE caps
- Economic Times: HSBC plans $600-m Indian realty fund
London-headquartered financial services major HSBC is set to be the first foreign financial institution to raise an India-focused real estate fund. The banking major is planning to raise $500-600 million for the realty fund
- Daily News & Analysis: In just one day, realty tycoon KP Singh is $4.6 bn richer
Singh’s DLF Ltd saw its market valuation jump by a spectacular Rs20,782 crore – or $5.25 billion - on Wednesday. Since Singh owns over 88.4% of DLF, his personal wealth has shot up by Rs18,338 crore ($4.6bn) in a single day’s trading session.
- Business-Standard: MSS limit increased; CRR hike concerns ease
The government today raised the limit on the Market Stabilisation Scheme (MSS) to Rs 2,00,000 crore, easing pressure on the Reserve Bank of India (RBI) to increase the cash reserve ratio (CRR).
Surging foreign capital inflows have forced the RBI to mop up dollars to stem the appreciation in the value of the rupee. In the process of buying dollars, the RBI released rupees that created excess liquidity in the system.
- Business-Standard: RBI proposes lock-in, caps on foreign PEs
The Reserve Bank of India (RBI) has proposed a range of measures including sectoral ceilings and lock-in for investments by foreign private equity (PE) funds. The central bank is concerned at the large foreign exchange inflows through the PE route.
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PRIVATE EQUITY INVESTMENTS |
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|
2004 |
2005 |
2006 |
2007 |
|
$1.27 |
$1.91 |
$2.27 |
$10.70* |
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* Till September Souce: Industr |
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Amazing how much potential the rupee has to further appreciate vs. the dollar.
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October 6th, 2007 at 1:07 am
are there any funds in India that get money from you and invest in real estate (ReIT)?
Also, Do you know pros and cons a structured product? My advisor is pushing it to me saying it gives capital guarantee. However I saw in web that these products charge too high a fees and have several drawbacks.