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Real estate in India: Growing towards new heights
Home :: Finance :: Loans / Lease
By: Addi Vardhaman Email Article
Word Count: 637 Digg it | Del.icio.us it | Google it | StumbleUpon it

  

Among international players, the many Indian realtors are going global by making their name in the international market through significant investments in foreign markets. Prudential Real Estate Investors for instance, has acquired Round Hill Capital Partners Kabushiki Kaisha, a Japanese asset management firm. Embassy Group has settled a deal with the Serbian government to construct a US$ 600 million IT park in Serbia. Parsvnath Developers in collaboration with the Al-Hasan Group in Oman.

Importantly, government has introduced many innovative reform measures to discover the potential of the sector. 100 per cent FDI is allowed in realty projects through the automatic route, for instance. 51 per cent FDI permitted in single brand retail outlets and 100 per cent in cash and carry through the automatic route. With growing economy in India, the demand for all segments of the real estate sector are likely to continue.

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India is being acknowledged as one of the fastest growing economies in the world and in this current economic scenario, real estate has emerged as one of the most appealing investment areas for domestic as well as foreign investors. And this high growth curve in the real estate sector owes some credit to a booming economy and liberalized Foreign Direct Investments (FDI) regime in the real estate sector. Acknowledging the growth of Indian economy in general and its real estate sector in particular many people are investing in it. Property Tech, a subsidiary of Tech Group, has purchased two properties in India worth around Dh110 million as part of its plan to tap into new promising markets.For more view- realtydigest.blogspot.com
September 25, 2008 04:23:59

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