Hello friends!!!
As we see that property markets are at unbelievable heights in India, especially properties in Delhi, Mumbai and Bangalore are commanding incredible numbers. Property values are soaring like anything...In fact speculative investments in the sector has charged up property prices in a superfluous manner, most of the times.
Each and every investor expects windfall gains on his real estate investments within a short period of time, and perhaps that is why, the intrinsic value of properties is manipulated by several times…
Expectations of landlords also are touching skies. Today, rental values for commercial properties in Delhi’s Khan Market and Connaught Place, at Rs 400-Rs 490 per sq. ft a month are more than 50% higher than a much-advanced city of Manhattan. Similar is the case with Mumbai commercial properties, where property prices are even more than London!!!
After all where the Indian property markets are heading for…is it a boom or a way towards recession…?
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With the Indian real estate market slated to grow 35-40 per cent in value terms over the next two years, private equity (PE) players are lining up significant investments in the segment. Led by Blackstone and the PE arm of Deutsche Bank, a host of players -including Red Fort Capital Advisors, Starwood Capital and Walton Street - are expected to invest close to US$ 12 billion combined in homes, offices, townships, hotels and other projects. In 2006, markets regulator SEBI opened up the real estate market to PE investments. The first year was a learning period. The following year saw a real correction in the market, with large incremental growth rather than dramatic growth, where stock market money went into special purpose vehicle-level investments. Experts say that in calendar 2007 alone, PE players would have invested US$ five billion in the Indian real estate sector. But there is need for investments of up to US$ 18-20 billion, which are expected in FY09 and FY10. Investments of US$ 1,400 billion are being made by Real Estate Investment Trusts globally. Hence, more global investors will start looking at Indian realty. This investment zeal comes in the backdrop of a much broader enthusiasm that PE players have shown across sectors in India in recent times. This trend is likely to continue strongly through 2010, driven by robust economic growth and attractive market valuations.For more view- realtydigest.blogspot.com
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