Foreign fund boost for realty
Davos, January 27, 2013
First Published: 23:57 IST(27/1/2013)
Last Updated: 23:58 IST(27/1/2013)
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India’s realty sector is set for robust inflows of $4-5 billion from overseas investors in the next couple of years, with Bangalore, Delhi and Mumbai emerging as favourites, global real estate consultancy giant Jones Lang LaSalle has said.
“Foreign investors are now looking with a
renewed interest at India, given its still robust economic growth rate as that bodes well for good returns to their investments,” said Alastair Hughes, chief executive officer, Asia-Pacific, JLL.