MUMBAI, INDIA—With home prices dropping 5 to 30 percent since 2009, foreign investment in India is moving toward commercial real estate.
Reuters reports that Investors including Blackstone Group, Morgan Stanley and Rothschild-backed Xander Group are seeking a larger piece of India's commercial property market due to the country's fast-growing economy. There seems to be an opportunity for a quick return.
"We waited till valuations got a bit softer and more attractive. And now, we are going aggressive," Akhil Gupta, chairman of Blackstone India, told Reuters in a recent interview. "We have done a few large deals, and are looking to infuse more capital."
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
