Hot Property - Indian Real Estate Market
The Indian Real Estate Market is a sitting cash cow for foreign investments. Those in the know are aware that Indian real estate has been booming for the past few years now. However the stakes are getting higher with the cash laden Middle East (Emirates) keen to invest billions in
India’s realty market through various joint ventures with local companies as well as investment groups. For example, Tanmiyat realty group of Saudi Arabia, is planning on making an investment of as much as $3billion in India in as township project. (The Economic Times)
Then there is the US of course with Trump planning to make entry into the Indian realty market. Over the next couple of months, big metros such as Mumbai and New Delhi will soon be able to witness the high-rise buildings of Manhattan right here on Indian soil! Donald Trump Jr, believes that Indian Real Estate has tremendous potential and property rates are not so high as compared to the rest of the world. “We are looking for JV partners to enter into India. That is precisely why I am here. We are interested in the major cities for investment,” Trump Organisation’s Executive Vice- President (Development and Acquisition) Donald Trump Jr had told reporters in Mumbai.
In fact, in early November, Merrill Lynch & Co, took the leap and invested in several mid-income housing projects in
India. What’s more, many foreign investors also want to cash in, in the growing stock market. With so many foreign investors watching and eying the Indian market, the securities and exchange board of India (SEBI) has beefed up on the investment rules, more so for unregistered foreigners.
What will foreign investment in real estate mean to the local market? Is it good news? There are opportunities for profit, which will breed further development. Of course it depends on your point of view. Whatever the reaction, there’s no stopping large foreign investment.
