HindustanTimes Wed,23 Apr 2014

Foreign fund boost for realty

PTI  Davos, January 27, 2013
First Published: 23:57 IST(27/1/2013) | Last Updated: 23:58 IST(27/1/2013)

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.

more from Real Estate

Offers sops, lower taxes to boost realty sector: Builders

The real estate sector, which has been reeling under a crisis as fewer and fewer people have been buying homes for the past several months, wants the government to come out with a comprehensive housing policy in the state budget.
Most Popular
Copyright © 2014 HT Media Limited. All Rights Reserved