IDFC Real Estate Yield Fund
We downgrade IDFC to ‘neutral’ from ‘buy’ with a fair value of R143 a share. We are not pricing in a blue-sky scenario as of now. IDFC is trading at 1.3x FY16e adjusted book value and we expect it to generate 13 percent return over the next 10 years in the base case (target multiple [...] Continue Reading »
Private equity (PE) investor Milestone Capital Advisors Ltd plans to raise a Rs.700 crore fund from the domestic investors this year and invest the proceeds in the real estate sector. The market conditions are conducive and for the last three months they had been speculating to increase the proposed fund size from the Rs.500 crore [...] Continue Reading »
A funding amount of Rs 700 crore will apparently be raised by Private equity (PE) investor Milestone Capital Advisors Ltd this year. The planned funding will be raised from domestic investors and will be invested in the realty sector. The proposed fund size has been increased by Milestone from Rs 500 crore – an amount [...] Continue Reading »
IDFC Real Estate Yield Fund has raised Rs 750 crore from domestic investors in ten weeks. This fund is a focused debt fund with a medium term horizon and has already committed Rs 123 crore across two residential projects in Pune and Bangalore. The fund is targeting residential projects which are under development across the [...] Continue Reading »
