'Market meltdown has hit realty firms'

Emaar MGF, a joint venture between Dubai-based Emaar Properties and Delhi-based MGF, became a victim of the global credit crisis in February when it had to withdraw its Rs 7,000-crore IPO, country’s third-largest, due to poor investor response. The company has moved on since then. Sharavan Gupta, managing director Emmar MGF, now says the company will revisit the capital market once the current credit crisis ebbs, and possibly with a larger offer.

'Market meltdown has hit realty firms'- Interviews-Opinion-The Economic Times