International developers are changing real estate game in India
Real Estate has traditionally not attracted many foreign players as it was largely unorganized in the past. Today with developers becoming more organized and protection laws like RERA coming into place, international real estate developers are looking to create their own space in the Indian real estate market. Things are becoming more open and digital and the investment into real estate is more transparent thus attracting more attention from foreign players. The investment from foreign players needed local partners earlier but today several firms are setting up on their own. Their investments are not a restriction to construction alone — they are looking at infrastructure projects like warehousing, logistics support and also setting up interior firms.
Last year saw a slew of foreign developers investing into India such as the Japanese property firm Sumitomo Realty bought a three-acre plot in Mumbai’s Bandra-Kurla complex, the Australian firm LOGOS ventured into the warehousing sector, Hong Kong-based Risland Holdings is developing commercial hubs and townships and Dubai’s Danube Home introduced its home interiors services. Reports state that private equity firms have invested over $4.2 billion into India’s realty market in the first half of 2019, up 10% from a year ago.
The larger interest from foreign players has been in mass housing projects and with the push for affordable housing, there is a lot of interest to invest in different cities in India.
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