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Friday, October 06, 2006
Knight Frank - India Office Market Overview
Indian real estate market on a high growth curve and growing at the rate of 30%
per annum
Services sector continues to be the major real estate driver
Approximately 30 mn.sq.ft. of office space supply to enter the market per annum for the next three years
Proactive policy changes for the sector have led to increased foreign interest
Close to US$ 5 billion waiting to enter the Indian real estate market through the realestate venture capital investment route
Recently permitted Real Estate Mutual Funds (REMFs) foreseen to increase liquidityfor the sector
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Thanks Priyank - keep them coming!