Realty takes FDI to $10 bn

December 4, 2006	(Be the first to rate this story!)  Loading ...
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Adding to efficiency and capability of India real estate, realty biggies like K Raheja, Surinder Hiranandani Group, and Tricona are on their way to hold a competent niche at some point of history for contributing to the development of the Indian realty market. They have been brought FDI into the sector which is likely to touch $10-12 billion in the next six months.

Other realty players following in Rahejas footsteps include Unitech, Ansal API, Omaxe and the Nirendra Hiranandani Group that have made a beeline with their big ticket listings at the London’s junior venue stock exchange Alternate Investment Market (AIM).

Also, home-grown realty funds like the Kishore Biyani promoted Kshitij and the Ashok Piramal Group promoted Peninsula Realty Fund (PRF) are all set to give a new momentum to foreign investment inflows in the country.

Data showcased by a study conducted by Jones Lang LaSalle, FDI investment in the Indian real estate sector is already in excess of approximately $3 billion. Although, AIM market entertains the requests of those companies which decides on raising in between $30-50 million but real estate companies are looking forward to use this route to raise large money.

The kind of investment prospects and vision the India property developers are dining on is catching the eye of the entire world. However, experts oversee it as a healthy trend which will help real estate sector to thrive further.

News Published Under:   Real Estate India, Foreign Direct Investment in India, Real Estate Developers |

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