Leading global real estate consultancy firm Jones Lang LaSalle predicts that India will have vast foreign investment. According to the global consultancy foreign investors are looking for a chance to enter Indian realty market.
Indian realty market will have vast foreign investment, as big as $4-5 billion, predicts global real estate consultancy firm Jones Lang LaSalle. This year many foreign investors will invest heavily in Indian realty market. They will invest specially in top cities like Bangalore, Delhi and Mumbai.
Mr. Alastair Hughes, CEO at JLL Asia Pacific, while visiting India to participate in the World Economic Forum Annual Meeting, told the media that the foreign investors are keen to enter Indian market with larger amount. He, mentioning the foreign investment in the second half of 2000s, said that this time India will have better investment than that of the previous one.
In 2006 too, foreign investors had entered Indian realty market. However, they remained unsuccessful and exited completely from their investments by the early quarters of 2009. Mr. Hughes opined that their then failure was due to their inexperience with the existed Indian market conditions. Adding to their inexperience, the global economic crisis also played a great role in their failure.
According to Mr. Hughes, real estate of India is one of the best investment options as it assures higher returns to the investors. In his opinion Indian cities – particularly Bangalore, Delhi and Mumbai are always better choices of investment as they give big marginal profits to the investors.
Financial crises- hit Indian developers, who are now searching for finding good foreign partners, received the news of foreign investment wholeheartedly. They expect to find better funds for their real estate developments from the foreign investments. Mr. Hughes revealed that over half of the foreign investment will be done in the housing segment while the commercial and other sectors will have the remaining shares.
