Real Estate in India Makes Rapid Strides

July 11, 2007	(Be the first to rate this story!)  Loading ...
Print This Story   Email This Story Subscribe Newsletter

Indian Property Market is grabbing large attraction from cross-border investors as the Indian Government is considering about passing real estate investment trust (REIT) legislation.

Contrary to the trends in foreign markets, India offers little similarities between the real estate sector and the capital markets in India as there is no existing REIT legislation, explains Hari Kishan, Kotak Indian Realty Fund Chief investment officer.

However, the capital markets and real estate sector are expected to come together in the next three to four years. The move will certainly offer the best value, one of which is commercial property.

A high proliferation of IT companies in India has given a strong push to the growth of industrial parks and development of commercial property.

Earlier, making investments in Indian retail sector was not considered as attractive as it was in commercial properties. But, the trend is changing now.  The main reason is the entry of international retailers, either the hypermarkets or supermarket.

Without such players, the returns on investments cannot be maximized.

Another area of growth that makes investments in India worthwhile is the country’s hospitality sector. Hoteliers across the world are being bullish on to carve out a significant niche in India.

News Published Under:   Real Estate India |

Comments