PEs get picky ; The skies, says Brett White, President and CEO, CB Richard Ellis, are still clouded and the forecast, for capital investments in the commercial realty sector in India, remain gloomy.

Where's the money flowing

PE players are investing in projects rather than in the promotercompanies.

PE player: Lehman Brothers Real Estate

Project: Unitech's 100-acre commercial complex on Western ExpressHighway, Mumbai

Amount invested: $175 million

PE player: Yatra Capital and Saffron India Real Estate Fund

Project: Parsvnath's redevelopment of BEST Bus Depot, Kurla,Mumbai

Amount invested: Rs 186 crore

PE player: Merrill Lynch

Project: DLF's middle-income residential projects in Chennai,Bangalore, Kochi and Indore

Amount invested: Rs 1,481 croreThe skies, says Brett White,President and CEO, CB Richard Ellis, are …