Speculation was heightened on Monday late afternoon when it transpired that Deutsche Bank's (nyse: DB - news - people )'s unit trust, DWS Institutional, was holding a 2.07% stake in Capitalia.
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.