Latest Answer: The fact that domestic funds are shying away from taking equity positions in projects signals low risk appetite. Funds are not entering a project at the land acquisition stage since that would involve higher risks. Apart from Piramal, Aditya Birla Real Estate Fund and Blackstone have reportedly spent Rs 85 crore and Rs 175 crore, respectively, targeting bulk sales. While Birla invested in a Mumbai project being developed by Radius Developers, Blackstone backed Ozones Chennai project.
