At the current projected rate of growth, Indian real estate investment trust (REIT) could account for 5% of the global real estate market by 2010. According to an analysis 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 permitted to offer RE funds, led by HDFC, Prudential ICICI, Kotak Mahindra and IL&FS. The global REIT market is represented by 491 trusts in 19 countries, with the U.S. home to 53.2% of the total assets, with Australia a distant second at 12% with $285 billion after increasing last year by 29%.
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3 Comments
The predication of REITS that Indian real estate market will grow 5% of the global real estate market by 2010 may or may not be true. At the moment whatever is trend it gives +ve sign.
I think the growth in India real estate market could go more than estimated 5% by 2010
Yes the news may be true but i think after the 2010 commonwealth games the property will be on downfall level.