Real Estate Development Prospect in India

January 08, 2008. Real Estate Companies and Investors are taking India as a great Investment destination. Real estate investment in major cities is taken as a beneficial deal. Real Estate Developers from the outside countries are showing their interest in building luxury villas in top Indian cities. They are looking for the joint venture partners for to enter into India. Recently, Citiscape real estate conference, held in Mumbai, had attracted various real estate developers from middle-east. Donald Trump Jr of the well-know Trump Organization in USA was looking for partners to invest in Indian realty market. Merrill Lynch & Co also bought 49% equity in several housing projects from DLF in Chennai, Bangalore, Kochi and Indore for Rs 1,481 crore. These projects are to be developed in about 7-8 years, as per reports. DLF also tied with Nakheel and Hines and Limitless Holding to develop properties in India. Real estate investors of Dubai are founding it safer to invest in Indian real estate as comparison to their own country.

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