At the present expected rate of growth, Indian real estate investment trusts could account for five percent of the universal real estate market by 2010. According to an study by Indian REIT industry group Assocham and credit rating agency CRISIL, the global RE market is likely to increase to $1.4 trillion by then, with Indian REITs accounting for $70 of the total. Assocham President Venugopal Dhoot notes that in India, only venture capital funds are currently allowed to offer RE funds, led by HDFC, Prudential ICICI, Kotak Mahindra and IL&FS. The universal REIT market is represented by four hundred nity one trusts in nineteen countries, with the U.S. home to 53.2 percent of the total assets, with Australia a distant second at 12 percent with $285 billion after increasing last year by 29 percent.
Indian REITs To Reach 5% By 2010
This entry was written by admin, posted on April 11, 2008 at 12:22 pm, filed under Real Estate News and tagged Assocham, Australia., indian real-estate, Kotak Mahindra, Prudential Icici, Real Estate Investment, Real Estate Investment Trusts, Real Estate Market, REIT, Reit Industry, U S Home. Bookmark the permalink. Follow any comments here with the RSS feed for this post.
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