Wednesday, May 14, 2008
Philippines real estate firm enters into India real estate
Ayala Corporation of Philippines and its affiliate, Arch Capital Management, plan to invest $100 million in the Indian property market in the next two years. Ayala being one of the largest real estate brands in Philippines and the private equity fund is currently evaluating property in Hyderabad, Chennai, Bangalore, Mumbai, Pune and the national capital region. Though they are majorly eyeing on the smaller cities due to there being more scope and room of development .Also residential projects are on top of the priority list of Arch Capital Management. The fund is also considering investing in retail and IT projects. It recently closed its first deal in India last month with Mahindra Lifespace Developers. They will develop a residential township in Chennai, a project in which it holds a 49 per cent stake.
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,
In India, in my opinion, the estate market has started losing its shine. Once recession will there, there won't be any upward movement for coming at least 10 years. The company may not do well.
yes obviously every person wants to make money within short time in india all people are doing that type of business.Same thing are foreign investors are doing that all are investing in the indian real estate market level because the land rates are very costly at rapidly level.so for that reason we can say.