ref: http://www.dealcurry.com/2011034-Hafeez-Contractor-Plans-To-Raise-Rs-500-Cr-PE-Funding.htm

The firm currently employs 350 senior associates, architects, interior designers, draftsmen, civil engineering team and architectural support staff.

It plans to open offices in New Delhi, Hyderabad, metros in the north and east part of India and also plans to open offices abroad.

According to Economic Times, in 2008, Hafeez Contractor was looking to dilute 74% stake in the firm to PE funds at an enterprise valuation of $150 Mn and was probably in talks with Indian Real Estate Opportunities (IREO) Fund.  But it seems, no development has been made till date.

Real estate related services space has seen some PE/VC deals in the past. Last year, real estate brokerage firm Agni Property raised $12 Mn (around Rs.53 Cr) from US-based VC firm Foundation Capital and India-based Helion Venture Partners.

In 2008, Baring Asia invested $100 Mn in RSP Architects & Planners India for 40% stake, while Blackstone Real Estate Partners bought a minority stake in Bangalore-based Synergy Property Development Services Pvt Ltd for $18 Mn. Mayfield Fund and SVB India Capital Partners had invested $11 Mn in Bangalore-based innovative design and civil engineering firm Geodesic Techniques.

On 05-Mar-2011, at 11:48 AM, ABA-NET wrote:

Hafeez Contractor, ... is looking to raise Rs500 crore by diluting 40% stake in his firm Architect Hafeez Contractor.