Monday, October 15, 2007

QVC Realty, Bangalore, India’s first venture capital funded real estate company is looking to raise around $100-$200 million from private equity firms

brand & shuffle, originally uploaded by montgesin.

QVC raised $100 million of venture capital funding in April this year from IL&FS Investment Managers (IIML), the private equity arm of Infrastructure Leasing & Financial Services Ltd. IIML raised $525 million in 2006 to invest in the Indian realty sector, and holds a majority stake in QVC(!)

Marketing Genius :

“We will look at raising capital in a second round of funding sometime towards the end of next year to fund our projects,” Prakash Gurbaxani, founder and CEO of QVC Realty said.

Yes, "the end of next year"! Do not get disappointed. Admire how he has branded himself and has became a star of the Indian Real Estate! I am going to blog Mr. Prakash Gurbaxani on my new Real Estate Marketing Blog!

Welcome to Pune :

QVC plans to develop around 6-10 million sq. ft of property over the next five years in markets such as Mumbai, New Delhi, Bangalore, Hyderabad, Chennai, Pune and tier 2 or smaller cities such as Kolkata, Chandigarh, Nagpur and Kochi.

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