Real Estate News
Rising FDI Tide
For the year 2007, foreign direct investment worth about $30 billion (Rs 1.32 lakh crore) is in the pipeline for all Asian real estate markets. Of this, about $6 billion is planned for the Indian market alone, says a recent Jones Lang LaSalle Meghraj (JLLM) report.Foreign direct investment (FDI) has been rising in India over the past several years. During the 1990s, annual FDI inflow was $2-3 billion a year. In 2004-2005, it touched $5.6 billion, and in 2005-2006 it touched a peak of $7.2 billion.
JLLM estimates that about $10 billion of foreign investment will enter the Indian real estate sector over the next 12-18 months (starting from May 2007). The share of real estate in FDI is expected to be 26 percent in 2007, up from 16 percent in 2006. Source: Meena Singh, August 18, 2007 The Times of India (Delhi edition) << Back