Companies like Mitsubishi of Japan and parts of India's Godrej and Reliance business groups are interested.

ECONOMIST: Light in the darkness

The invitees included Adi Godrej, chairman of the Godrej Group, real estate baron K.P.

FORBES: Bill Gates, Warren Buffett court India's richest

Godrej is pushing even deeper into the hinterland, trying to reach villages with as few as 5, 000 people.

ECONOMIST: India��s small towns are the next frontier

Speaking to Forbes, billionaire Adi Godrej, chairman of the Mumbai-headquartered Godrej Group, said the latest attack was regrettable.

FORBES: Terror Strikes Mumbai

"Any government that comes to power will have to concentrate on fiscal stimuli to get the economy going, " said Godrej.

FORBES: Indian Elections

But only 2 of the 10 billionaires, Dallas Mavericks owner Mark Cuban and Indian industrialist Adi Godrej, say they use it personally.

FORBES: Billionaire Bill Gates joins Twitter

Other property IPOs in the pipeline include that of billionaire Adi Godrej's Godrej Properties and DB Realty, co-founded by Mumbai billionaires Vinod Goenka and Shahid Balwa.

FORBES: Magazine Article

Amid the gloom is Godrej Properties, the listed real estate arm of the Mumbai-headquartered Godrej conglomerate, which makes everything from soaps and locks to refrigerators and forklift trucks.

FORBES: Pirojsha Godrej Builds On His Billionaire Family's Name

Unlike its highly leveraged competitors that gorged on loans to build up land banks, Godrej Properties has an asset-light business: It owns only 15% of the land that it is currently developing.

FORBES: Pirojsha Godrej Builds On His Billionaire Family's Name