According to Jones Lang LaSalle, a leading global real estate consultancy firm, Indian realty market will see a huge amount of investment by the foreign investors.
Global real estate consultancy firm Jones Lang LaSalle reported that foreign investors will invest huge amounts in Indian realty market. According to the global consultancy firm nearly $4-5 billion will be invested in the Indian realty market.
Indian metros like Bangalore, Delhi and Mumbai have always remained as a better investment option for the investors. This time too, the story is not much different as these metros of India expect to receive a huge investment, $4-5 billion approximately, from the foreign investors.
Jones Lang LaSalle’s Asia Pacific CEO Mr. Alastair Hughes revealed that foreign investors are very keen to interest in Indian realty market. He expressed that nearly $4-5 billion will be invested in the Indian properties located mainly in Bangalore, Delhi and Mumbai, the top three cities of India.
Mr. Hughes, while visiting India to partake in the Annual Meeting of World Economic Forum, added that Indian realty always offers higher returns. According to him the foreign investors have shortlisted these three top cities as their option for investment.
For the foreign investors, it is the second attempt in India. Though, they had attempted to enter Indian market, during the 2006 – 2008 periods, they could not succeed in their attempt. According to Mr. Hughes their inexperience in the Indian market and global economic crisis were responsible for their failure.
Due to their failure they exited completely by 2009. Yet this time they are up with larger investment schemes and are seeking some good partners to enter the sub-continent market. Some of them have already entered into talks with Indian builders, who were also seeking for some investment right now.
Mr. Hughes said that India will receive maximum investment from the USA while investors from other countries like Germany, Hong Kong, Middle East, Singapore and the UK also will have investments in India. He added that around half of the total foreign investment will be in the residential sector while commercial sector will have another major share.