The New York Daily News, and several other media, have reported recently that private equity investment in Indian real estate is decreasing. However, Portman Holdings remains bullish on Indian real estate, and are seeking further investment opportunities in India’s gateway cities. We find the fundamentals compelling and are working with investors to utilize various structures to invest as much as $300 million US beginning as early as the start of 2013. We look forward to our future deals in India.
