BANGALORE/KOLKATA: Private equity funds are trying to exit their investments in large integrated township developments where the projects have been stuck for lack of demand or clarity on approvals. PE funds like Kotak Realty Fund, Redfort Capital and IL&FS, whose township projects have been stuck since they invested a few years ago, are now changing their investment strategies and are focussing on investing in short term, small format projects which will be completed in three to four years at the most. “Township projects today offer limited scope. We now want to invest in projects spread over two-four million square feet with a smaller average ticket size of 100-250 crore,” says [...]