India’s realty sector is set for robust inflows of $4-5 billion from overseas investors in the next couple of years, with Bangalore, Delhi and Mumbai emerging as the favourites, global real estate consultancy giant Jones Lang LaSalle has said.
“The foreign investors in India, who came in around 2006-07, did not have very good experience, partly because of their inexperience in doing business in India and partly because of global financial crisis,” JLL Asia Pacific CEO Alastair Hughes said here. “However, investors are now looking with a renewed interest at India, given its still robust economic growth rate as that bodes well for good returns to their investments,” he said.
He added: “They (investors) are now looking much more closely at India to put in their funds into Indian real estate sector. The overseas investors are now looking to come back and what they are looking for right now is good partners in India as it is a difficult place to do real estate business because of various reasons.”