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National: Indian real estate market expects $4-5 billion foreign inflows: Jones Lang LaSalle

Jones Lang LaSalle, global real estate consultancy giant, analyzed that in the next few years Indian real estate market is expected to get investment of around $ 4-5 billion from overseas investors. Though the experience of early foreign investors who invested in 2006-07 was not good, for many reasons, looking at the robust economic growth rate of the country, investors find Indian realty sector a good investment option.

 

Alastair Hughes, CEO –JLL Asia Pacific told Press Trust of India (PTI), “They (investors) are now looking much more closely at India to put in their funds into Indian real estate sector. They had come in between 2006-2007 and first half of 2008, but they completely went away in 2009 and have been mostly away since then. The overseas investors are now looking to come back and what they are looking for right now is good partners in India, because it is a difficult place to do real estate business because of various reasons.”

 

In last two years, around $1.3 billion have been invested in Indian real estate market as foreign investment. In this, around half of the investment was done in residential property. The countries from which the investment came include United States (US), the Middle East, Hong Kong, United Kingdom (UK), Singapore and Germany.

 

Hughes further added, “We expect interest from global and US investors to maintain. Favourite location foreigners will be Bangalore, New Delhi and Mumbai.”

 

Favista View: There have been many ups and downs in real estate market. Indian real estate offers good opportunities to investors, which can be inferred from the rising investment in this market from both Indian and foreign investors. The same trend is expected in future too.

This entry was posted in Bangalore, Investment, Mumbai, NCR Delhi and tagged , . Bookmark the permalink.

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