New Delhi, Delhi, India
India's real estate investment market has grown rapidly over the past 18 months, and following the partial relaxation of Foreign Direct Investment (FDI) regulations in February 2005, the country is now attracting substantial interest from cross-border real estate investors. A World Winning Cities report titled "India: A Real Estate Investment Future", released by Jones Lang LaSalle underlines the attractiveness of the Indian realty as an investment opportunity, underpinned by a booming and increasingly diversified economy, significant potential for rapid expansion in FDI and a maturing real estate market.
While the report highlighted short term investment opportunities in suburban offices and the residential sector and medium term ones in the retail sector, it also cautions that issues such as liquidity and title ownership continue to act as constraints to cross-border investor activity.
In India, Jones Lang LaSalle is bullish on Tier II cities, pointing out that Hyderabad, Chennai and Pune are the focus of increasing investor activity, with the yield gap between Tier I and II cities having narrowed to as low as 100 basis points and some of the largest and most high profile developments by cross-border developers happening in Tier II cities.
Overall, the report concludes that buoyed by significant growth in capital formation in the real estate industry and the rise of more sophisticated real estate capital markets, India presents a significant investment opportunity. Vincent Lottefier, Country Head, Jones Lang LaSalle India says, "Those investors who have a long term strategic vision and commitment to India are likely to be the most successful."
"Emerging City Winners" is Phase IV of the Jones Lang LaSalle's World Winning Cities Research, a multi-year program which draws together the essence of contemporary city competitiveness. World Winning Cities examine trends that are impacting on the business and economic landscape, and how these factors are coalescing to create the rising urban stars of the next decade. The research aims to identify the winners and losers among the emerging cities in India, China and Russia.
Jones Lang LaSalle Identifies Indian Realty as Big Potential Winner in Global Investor Stakes - Add One
About Jones Lang LaSalle
Jones Lang LaSalle (NYSE: JLL), the only real estate money management and services firm named to Forbes magazine's Platinum 400, has more than 100 offices worldwide and operates in more than 430 cities in 50 countries. With 2005 revenue of approximately US$1.4 billion, the company provides comprehensive integrated real estate and investment management expertise on a local, regional and global level to owner, occupier and investor clients. Jones Lang LaSalle is an industry leader in property and corporate facility management services, with a portfolio of 927 million square feet worldwide. In 2005, the firm completed capital markets sales and acquisitions, debt financings, and equity placements on assets and portfolios valued at US$43 billion. LaSalle Investment Management, the company's investment management business, is one of the world's largest and most diverse real estate money management firms, with approximately US$34 billion of assets under management. For further information, please visit www.joneslanglasalle.com.
Jones Lang LaSalle has over 45 years of experience in Asia Pacific. With over 10,000 employees operating in over 30 markets across the Asia Pacific region, the company is positioned to partner with clients to provide the quality advice needed for making quality decisions.
To view the India Investment Future Report please click on URL given below:
http://www.businesswireindia.com/attachments/INDIA-A-Real-Estate-Investment-Future-June-2006.pdf
Vincent Lottefier, Country Head, Jones Lang LaSalle, +91 (011) 4149 1001 vincent.lottefier@ap.jll.com
Sukhvinder Kaur, Manager-Marketing & Communications, Jones Lang LaSalle, +91 (011) 4149 1006 sukhvinder.kaur@ap.jll.com
Source: Jones Lang LaSalle (Business Wire India)
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