Private equity funds are exiting residential real estate investments primarily through the refinancing route at the end of their investment tenure as against the normal process of cash flow accruals.
Instances of several fund exits in recent months show that delays in projects and slow sales have made it tough for property developers to repay PE investors, pushing them to raise fresh debt from new investors—both non-banking financial companies (NBFCs) and PE funds.
Read more: Live Mint
