Many real estate cos. looking to launch IPOs

Many real estate cos. looking to launch IPOsWith the real estate market getting improved by day on the back of the rising demand and improving consumer sentiment, many realty players in the industry are now aiming to launch IPOs in the finance market.

It is estimated that about 15 mid-and-large realty companies are looking to knock the door of the capital market to infuse more liquidity into their company.

LaSalle Meghraj's (JLLM) Chairman & Country Head, Anuj Puri confirmed the fact that around 10-15 companies are looking to come out with an IPO for the Indian market which also includes names of bigwigs like Emaar MGF and Sahara City.

However, Puri further added the fact that the amount of the money they will be able to raise and the investor's response is still subject to individual company basis and the global sentiment of the industry.

With the new demand is expected to be based on genuine buyers and investors and not on speculators, the industry experts believe that there's no bubble building in the sector and it will witness a continuous growth for many more months to come.