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India, China Seen as Emerging Markets

NEW YORK CITY-Both countries are in the early stages of real estate life and are expected to establish real estate mutual funds, property trusts and real estate investment trusts in the next several years.

By Katie Hinderer | Updated on December 05, 2006

NEW YORK CITY-The Asian real estate market is beginning to strengthen across the board, according to Michael Thompson, Cushman & Wakefield president of Asia. “It’s a very good picture at this stage for all markets…due to intra-Asian trade and obviously the influence of the Asian consumer market.”

Thompson says that while Japan is finally emerging from a 13-year recession, the real up-and-coming markets to consider are China and India, but both are still first generation real estate markets.

“If you look at India there is tremendous growth there,” Thompson says. The markets of Delhi, Bangalore and Mumbai are the main focal point for investors looking to enter the country. According to a Cushman & Wakefield report, “The Indian real estate capital market has evolved noticeably in a short span of time. Though it is still considered to be in its infancy the growth fundamentals are strong. Significant demand across product verticals induced by continued economic growth, infrastructure changes and favorable government policies is already beginning to lead the market towards a higher degree of maturity.”

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