several deals involving spvs including 49 stake sale by dlf in its seven housing projects to merrill lynch for 377 million last yearin another important deal government investment corporation of singapore and citigroup venture capital international together bought a 15 stake for rs 11559 crore 290 million in the construction giant shapoorji pallonjis real estate spv global hedge fund de shaw made an investment of rs 9965 crore 250 million in mack star marketing a unit of mumbaibased public listed real estate developer housing development infrastructure hdil are estimated to be added by 2010 also the organised retail sector is expected to grow to 10 of total retail from existing 3 in 2010 they however said the execution of largescale industrial real estate projects in time without any cost overrun will be a challenge