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News & Views on Indian Real Estate

Thursday, April 10, 2008

Indian Realty sector on a high

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.

Anonymous said...

Growing realty sector of India has attracted overseas investors and figures in the top three property markets round the world, presenting the finest prospect for capital appreciation after the US and China. In the group of the most favorite property market in between foreign investors globally, US has retained its top position, while China was ranked 2nd followed by India, a survey carried out by the Association of Foreign Investors in Real Estate (AFIRE) said. China moved to the 2nd position, garnering 21.4 % votes and displacing India in the process, which was preferred only by 16.7% of the respondents favoring the country as the most fancied place for real estate investment.