Tuesday, September 18, 2007

Compared to other Asian markets like China, Vietnam, Malaysia, Indonesia, Thailand; "India is an excellent investment destination": FICCI-E&Y survey

'The FICCI-Ernst and Young Indian Real Estate Report, 2007' also carries a survey of leading investors.

The survey revealed that all the respondents believe that more than $5 billion would be deployed into Indian real estate over the next 3 years.

Around 20 per cent believe that the deployment would be more than $20 billion.

$20 billion is OK! It should be that much because according to Mr. Lalit Kumar Jain, president, Promoters and Builders’ Association of Pune, "Pune can absorb up to $2-3 billion in Foreign Direct Investment annually"!

Almost 80 per cent of the respondents believe that in short to mid term, India as an investment destination is 'excellent' or 'very good' compared to other Asian markets like China, Vietnam, Malaysia, Indonesia and Thailand.

According to survey, more than 50 per cent of respondents believe that high trajectory growth would continue for next 2-3 years.

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