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..!
Showing posts with label office space. Show all posts
Showing posts with label office space. Show all posts
Tuesday, December 4, 2007
Wednesday, November 21, 2007
Where the Indian property markets heading for…?
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…?
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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