Foreign investors elude Indian real estate, analysts blame govt policies
Foreign investors continue to elude Indian retail real estate sector despite it being one of the fastest growing markets in the past few years.
Industry analysts blame the government’s policy regarding foreign direct investment into real estate, and particularly retail real estate, for discouraging overseas investors investing in India.
Anuj Puri, chairman and country head of Jones Lang LaSalle India, has blamed restrictive foreign investment policies as the main factor behind lack of foreign investment.
While China, Brazil, Turkey and Russia are attracting interest from global investors, India is the lone among BRIC countries not being able to do so. Investors are also exploring opportunities in countries like Mexico, Indonesia, Vietnam, Philippines and Argentina.
To read more real estate news:
Retail Stock in India and China to grow by 15% untill 2020: JLL
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