Processing .....please wait.. 
The article has been forwarded.... 
Real Estate >> News
Indian Real Estate-Captivating Foreign Investments
By
siliconindia
|
Thursday, November 21, 2013
|
|
Bangalore : The Indian real estate sector is striding upbeat with diversifying channels of investment and the upheld demand of assets in the market. Potential for growth in the realty sector has been acknowledged across the industries in India and emerged as a focus of interest in the international arena. Lately, Singapore, the world's only sovereign city-state, has emerged as the frontrunner of capitalizing the promising returns in the Indian real estate.
Beginning with the entrance of Jumabhoy family from Singapore, the premium residential sector in India has been the sanctuary for massive foreign investments. Raffles Residency Pvt Ltd, a real estate corporation floated by the Jumabhoy group intends to develop ultra-luxury villas in the city of Bangalore. Other leading developers like the DLF and Lodha group have also been witnessed to be collaborating with leading foreign architect and designing firms in order to match up to the best international realty standards and practices.
Captivatingly, the broadening horizon of Indian real estate is all set to absorb yet another chunk of investment from the foreign investors, eyeing on the promising returns in the commercial subsector of Indian real estate. It is the GIC, Singapore government's wealth fund, and the developer company named Ascendas, who intend to invest in the bourgeoning commercial sector of India. As reported by the Business Standard, $600 million is expected to come from the Ascendas India Growth Programme, an initiative by GIC and Ascendas to explore the business space market in India.
The metro regions and cites like Pune, Hyderabad, the suburbs and the outgrowths of the metropolitan regions have been the attraction for the foreign investments. The suburbs and the outgrowths have been enticing the investors owing to the immense potential and scope of growth that these regions hold. The lower cost of land tracts, availability of supportive infrastructure and the increasing demand of residential units at these locations has worked well for growth in the recent past. Moving forward, the eased FDI norms, adaptive mixed-land use policies and the profitability that the Indian real estate sector offers, is expected to further enhance the growth and development in this sector over the coming future.
|
|