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.
That has not come to pass, and, though he is also losing the seven office buildings he bought from Equity Office Properties in February 2007-- Deutsche Bank (nyse: DB - news - people ) has put them all on the market--he still has a major development site at Park Avenue and 56th Street, the former Drake Hotel and a handful of other impressive assets.