new delhi in what would be the first major fund infusion into the emaar mgf group after a failed ipo one of its promoters dubaibased emaar is learnt to be investing 150 millionrs 650 crore to pick 2025 stake each in three real estate projects of emaar mgf this would be separate from its equity contribution in the jv firm emaar mgf emaar holds 41 in emaar mgf while the domestic jv partner mgf group has 56 the remaining equity stake is with private equitype firms and other investors according to sourcesthe dubaibased group will pick equity in separate special purpose vehiclesspvs which will develop two retail and one office property in gurgaon and mohali the injection of funds is particularly significant for the company as it has come at a time when raising funds has become extremely difficult for real estate firmsdebt has become very expensive and is largely unavailable emaar mgf which withdrew its rs 7000crore ipo in february after having failed to elicit investors response due to poor market sentiments is looking at stitching 23 private equity deals in the coming months to fund its commercial projectsmost realty firms have been looking forward to private equity players to fund their projects however pe firms too have turned cautious now and are driving hard bargains in the changed circumstances unitech too has recently obtained 175 million equity funding from lehman brothers real estate fund to develop a commercial property in mumbaislackening demand has multiplied real estate companies woes restricting their cash flows indias central bank battling a doubledigit inflation has hiked interest rates prompting potential home buyers to defer their purchases the signs of a slowing economy and expectations of a further fall in property rates have led corporates and retailers to postpone their space bookingemaar mgf which is currently present in 26 cities has a number of projects across residential commercial retail and hospitality sectors it recently launched boulder hills residential project in hyderabad and an integrated township in mohali the company is also executing the 277 acre commonwealth games village project in delhithe company plans to develop over 200 hotels over the next 79 years it has two equal joint ventures with accor and premier inn for its hospitality ventures