International Development News
Development News Edition

Increased flow of institutional funds to real estate sector expected


With the regulator in the real estate sector in place and various issues pertaining to real estate investment trust (REIT) getting sorted out, institutional funding is expected to flow into the domestic real estate sector, said an official of CBRE-India and South East Asia.

The CBRE is a $14.2 billion revenue global real estate consulting company which also arranges funding for project promoters as a part of its business.

The Indian arm of CBRE has arranged Rs 241 billion capital for its clients in India.

"Primarily we arrange debt and equity. After a slowdown, foreign capital has started looking at Indian real estate sector for investment," Anshuman Magazine, Chairman, told reporters here on Wednesday.

He said this year the company had arranged funding of about Rs 3,500 crore for its clients.

According to him, domestic financial institutions will start investing in real estate sector.

Magazine said there were a couple of investors planning to promote REIT and waiting for the first one to get the licence and start operating.

Agreeing that Indian operations are small in CBRE's global scheme of things, Magazine said it was the only market that was growing as compared to the US and the Europe.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)


TRENDING

OPINION/BLOG/INTERVIEW

'No escape from telephones', this 1953 prediction actually comes true

In 1953, a telephone company chief predicted that therell be no escape from telephones in the future....

With Ayodhya verdict, CJI starts clearing high profile pending cases

Ending all the speculations, the Chief Justice of India Mr. Ranjan Gogoi who is due to retire on November 17 decided to deliver the verdict in Ayodya dispute at 10.30 am on Saturday which is not a working day for the Supreme Court. This is ...

How partnerships and collaborations could enhance teacher training

Monica Malhotra Kandhari, Managing Director, MBD Group shares her views on public private partnership and collaborations in education sector. She supports her propositions with her organisations success stories....

Fixed Test centers would facelift level of WTC in India

The venues for the test matches in India should be fixed so that World Test Championship matches remain fair....

Videos

Latest News

UPDATE 6-Pence aide said Trump's Ukraine phone call was 'unusual and inappropriate'

The phone call between U.S. President Donald Trump and his Ukrainian counterpart at the center of Congress impeachment investigation was inappropriate, a foreign policy aide to Vice President Mike Pence told lawmakers, according to a transc...

UPDATE 1-U.S. says no plans to send asylum seekers to remote Guatemalan regions

The U.S. government said on Saturday that it had no plans to send asylum seekers to remote regions in Guatemala after the Central American country floated the plan during negotiations for a bilateral migration agreement this week. The two c...

Jets place C Kalil on injured reserve

New York Jets center Ryan Kalil was placed on season-ending injured reserve, the team announced Saturday. Kalil, who is a five-time Pro Bowl selection, was lured out of retirement with a one-year, 8.4 million contract in the offseason.The 3...

UPDATE 1-Trump visits medical center to start annual checkup

U.S. President Donald Trump on Saturday kicked off his annual physical exam with a visit to the Walter Reed National Military Medical Center, where he underwent a quick exam and some laboratory tests, the White House said.Anticipating a ver...

Give Feedback