new delhilondon having sold off its airlines sahara seems to be concentrating more on its real estate business the subrata royheaded conglomerate has approached bankers in london to raise between 5 billion and 7 billion rs 21000 crore to rs 29000 crore to create 217 townships across india the sunday times reportedas part of the fundraising sahara which sponsors indias cricket team is examining listing a subsidiary company called sahara city homes on the london stock market the report addedroy who shot into limelight with parabanking has expanded the groups presence across other elements of the financial services as well as to real estate consumer goods and media and entertainment the overseas fundraising comes at a time when rbi is tightening its grip over nbfcs raising deposits from individuals with overseas borrowings by indian companies tightened in the wake of high money supply a listing overseas would help sahara raise equity to finance its plansin recent months indian realty companies like unitech have opted to list on londons alternate investment market aim unitech raised rs 700 crore though the aim listing and nearly a dozen other indian companies were planning to adopt a similar strategy though some of them could defer their plans in the wake of the recent subprime concerns