Global investors set their sights on Indias real estate market

New Delhi: As in the center, and in its first budget announcement in favor of investors, in charge of the new government, global investors have been interested in the Indian real estate market once again, TOD Lickerman, global property consultant DTZ Debenham Tie Leung, CEO, has said.

"There are a lot of people who have already started to talk about and think about India again, they feel confident India, because things have changed, but said they are now waiting for some things (from the government) proved that India would be conducive to investment markets, and intends to invite foreign direct investment in various fields, "Lickerman, who is in India to meet business leaders and" get things happened after the regime change in the country's feeling "in Delhi in May, told ET.

DTZ works of the world's top companies to help them search for properties to accommodate their offices, shops and factories. This is also one of the leading suppliers of equipment management. Real estate consulting firm is usually the first one to get a sense of the prevailing business climate as companies lease or purchase of real estate, in order to expand its business in good times or frozen in a recession such plans.

Election interest in India has always been because of higher global economic recovery, Lickerman said, adding that it will take some time before it begins to investment income. "But the first thing is the interest and understanding. Was a time when India is not the primary consideration, but now it is being talked about, so I think this is a precursor," he said.

After a few more positive signal that India can actually see a lot of money into the real estate industry, he said, although he did not rush for foreign direct investment inflows how likely is a guess. Much of this money goes into the development of commercial buildings - offices, shops and shopping centers, for the past few years, builders and investors have ignored it to focus on the residential market, where there is a surplus.

With the recovery of the global economy - particularly in the United States and Europe - people are more optimistic, looking for property investment, he said. "It's just a matter of time and a little bit of a track record to say that this is a friendly place."

The DTZ itself does not propose a special fund for India, conditions are ripe for one, he said. What is also of India, over the years, commercial asset quality has improved, the attractiveness of these assets to investors, as well as sustainable, he said. "I think the previous short-term assets of view, the conditions of the life cycle of the building, but now there are occupied with great companies regardless of their quality assets from multinational companies and domestic point of view," he said. In India, DTZ's focus is expanding its facilities management business. This business has brought more than 60% of the company's global revenue - to spend 2.2 billion global business management from the facility about 14 billion, which is a high-yield business.
source : WEB