Real estate to attract $4-5bn foreign investment in two years

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Foreign based investors are likely to pump in US$4-5 billion in the real estate sector of India in the next two years, according to a global reality consultancy firm.

Jones Lang LaSalle’s latest estimate said that these investors did not have good experience in India during 2006-07 due mainly to global financial slump.” But, the country’s still robust economic growth rate has renewed foreign investors’ interest”,said a report by Malini Ranade in topnews.com today.

Her report quotes Alastair Hughes, Asia-Pacific CEO at the reality consultancy firm, saying,”Foreign 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.”

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