After HDFC and ICICI’s billion dollar funds, a number of international players are making beeline to exploit opportunities underlying in the Indian real estate markets. Just look at the pointers below:
• UBS Global Real Estate, the real estate arm of global financial services powerhouse UBS Global Asset Management, plans to launch a $1-billion India specific real estate fund by the end of this year.
• Over $4 billion belonging to various global realty funds is ready to enter the Indian real estate sector on the back of $1 billion which has already come in, according to Bobby Parikh, managing partner, BMR and Associates.
• Morgan Stanley and Goldman Sachs Group Inc. raised $12 billion for global real estate funds, tapping a surge in investor demand for high-return assets.
• The UK-headquartered Knight Frank Group plans to launch a $250 million India-focused real estate fund. This could be the first real estate fund by a property consultancy in India. It will be an offshore fund, and will raise a minimum of $0.5 million or above from high networth individuals.
But, how much these funds will contribute to the development of industry, and the country is the biggest question..!
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment