SatyaVani Projects to raise Private Equity

Economic Times has a report about SatyaVani Projects trying to raise $150 million in private equity for projects ranging from a medical tourism project in Hyderabad to an eco-tourism + housing project in Bangalore. As per the website of SatyaVani, the company seems to be focused on engineering design & construction management. In the backdrop of a sharp slowdown across real-estate segments, it will require a leap of faith on the part of institutional investors to invest in a company that has no prior experience of end-to-end project execution. We will remain on the watch for reports of how the fund raising progresses.