Jones Lang LaSalle predicted that this year India will have more foreign investment. JLL reported that foreign investors are likely to enter India with huge investment plans.
Jones Lang LaSalle, one of the leading global real estate consultancy firms, reported that India will have greater amount of foreign investment in the forthcoming years. According to JLL foreign investors are seeking for a chance to enter the realty market of India.
As per the JLL report, India will have $4-5 billion foreign investment. The foreign investment is mainly on properties lying in Bangalore, Delhi and Mumbai, the top Indian cities as well as their most preferred choice.
While paying a visit to India, to address the Annual Meeting of World Economic Forum, Mr. Alastair Hughes, CEO at JLL Asia Pacific, told the media persons that India will have better and bigger investment. He stated that the foreign investors’ sentiments are leaned to the property market of India.
Earlier in 2006 also the foreign investors had invested in India but they were forced to exit without gaining any profit. They completely exited from the Indian Market by the first half of 2009.
When asked about their earlier failure, Mr. Hughes said that it was mainly because of their inexperience in doing business in India. They were all the more affected by the global economic crises too, he added. He said that this time foreign investors are more cautious and so there is only less possibility of a failure.
The news about the f foreign investors looking for Indian Partners, builders are also now looking for some foreign partners. In fact they are in dire need of some foreign investment to complete their stalled projects.
Mr. Hughes disclosed that Indian realty is one of the best options for investment as it assures higher returns. According to him Bangalore, Delhi and Mumbai remain better choices as they are capable of providing larger profits to the investors.
