One of the first companies to attract strategic foreign investments in India's real-estate sector, Mantri Developers is focused on residential as well as commercial realty. In an interview to Business Line, Mr Sushil Mantri, Chairman and Managing Director of the company, dwelt on several issues of interest to investors in property as well as property stocks. What is the business model that works in the residential space? How should investors evaluate IPOs of realty companies? He also discussed the benefits that Morgan Stanley's investment has brought to the table for Mantri and the competencies required to tap such Private Equity (PE) investors.
Excerpts from the interview:
Why do you think Mantri was the preferred option for Morgan Stanley's first investment in India's real-estate sector?
We started our operations in 1999 and from Day One we had set some norms, including that we will do all the projects through one company.
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