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Real Estate may recieve $15 bn in three years

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Real Estate may recieve $15 bn in three years

Last updated: March 22 2007
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  • Real Estate may recieve $15 bn in three years

    MOST estimates have forecast that the Indian real estate sector will get $7-10 billion of foreign direct investment (FDI) over the next three years. Investments in Indian Real Estate, however, says that given the number of funds already operational and others that are planning to enter the country, the figure might be as high as $15 billion.
    The report notes that 100-120 India-specific global and domestic real estate funds are already active in various stages — planning, setting up, or in investment mode — and many more funds are at the evaluation stage. About 50-60 per cent of them (100-120 funds) are “active” funds, which means they have operations on the ground in India, actively looking out for investment opportunities, and may even have closed a few deals.
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