Developers are planning IPOs well as realty fund with the real estate boom.

CIG Realty fund has been successfully launched by the promoter of Unitech Group. The launch is aimed at raising $1.1 billion in the next six months, both from the domestic as well as the international market.

The group has already raised Rs.260crore from the domestic market and in next two-months it is expecting a growth of Rs.350crore. More than $1 billion is expected by the year-end at the international market.

The real estate industry is growing successfully at the rate of 30-40%.

Unitech group MD, Sanjay Chandra has said that the growing economy & the stress on housing & infrastructure is a big boost to the real estate sector.

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