The tactic has also been pursued by the realestate arm of US investment bank Morgan Stanley, which has bought into three small Indian developers, itching to accumulate land and build at a time when the realestate market is booming, so much so that many in the industry think a sharp correction is around the corner, even as most struggle to raise funds. Initial public offerings have become a drawn out process as regulators pick through applications in response to criticisms that firms are [...] And Dev land Development, listed on Londonâ??s Alternative Investment Market in January.
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