Workers sit in front of an advertising hoarding outside the under-construction One BKC commercial complex in Mumbai

 
Workers sit in front of an advertising hoarding outside the under-construction One BKC commercial complex in Mumbai
Workers sit in front of an advertising hoarding outside the under-construction One BKC commercial complex, being built by The Wadhwa Group, in the Bandra-Kurla Complex in Mumbai February 20, 2013. Blackstone Group LP is driving the migration of private equity money into India's commercial real estate after the global financial crisis cooled the country's once-ardent residential segment and the number of unsold new homes surged. Despite a limited supply of commercial real estate open to foreign investment and a lack of exit options, many investors such as Morgan Stanley and Rothschild-backed Xander Group Inc are eager to grab a bigger slice of India's property market due to the country's fast-growing economy, the promise of double-digit returns and attractive valuations. Morgan Stanley, which has made several residential property investments in India, is in talks to invest $186 million in its first office development in the country, in Mumbai's Bandra-Kurla financial district, Reuters reported recently. Picture taken February 20, 2013. REUTERS/Vivek Prakash