As listed real estate firms brace to raise about $2bn (Rs 9,600 crore) through qualified institutional placement routes, their unlisted counterparts are not far behind.

These closely-held real estate firms, which are typically family-run enterprises that build limited projects in suburbs of large cities, are also learnt to be tapping qualified institutional buyers and high net worth individuals (HNIs) to raise money for such projects, in exchange of higher returns.

The amount involved in such a fund raising is also high, totalling about $1 billion (Rs 4,800 crore), according to at least four real estate firms that ET spoke to, signalling a trend where institutional investors are not shying from investing in unlisted family-owned building projects.

Times of India