Canadian investors may want to sit up and pay attention to India’s real estate market as Wall Street has recently upped its commitment to the real estate sector, which is estimated to be worth $180 billion by 2020.
In the last few months, global giants, including Goldman Sachs, Warburg Pincus and Blackstone, have invested more than US$910 million in Indian real estate firms, a far cry from the last couple of years when investors shied away from India’s real estate industry.
Over the past five months Goldman Sachs has invested $300 million in real estate development and income-producing assets in India.
The country’s real estate sector has been recovering from the global financial crisis, but experts see the long-term outlook as promising.
So friends if you have property in India hold on to it, will go up!
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