FDI in Indian real estate to increase by 21 billion dollars

August 6, 2008 at 4:21 pm

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The FDI in real estate will increase by $21 billion to touch $25 billion in next 10 years, said Assocham.

Assocham said that its forecast is based on the fact that real estate in India would be a hot market.

It said that investors are constantly looking at India to park their surpluses as returns on such investments would be the highest in near future.

At present, the domestic real estate market is expected to be of $15 billion in which the foreign direct investment contributions is estimated around less than $4 billion.

The bank credit to this sector by end of 2007-08 has been estimated over Rs 3,50,000 crore which will multiply substantially in the coming years in view of the growth that the sector is expected to register, adds the Assocham analysis.

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