Global investors showing interest in India
After the new government taking charge at the Centre and the investor-friendly announcements in its first budget, global investors have got interested in the Indian real estate market once again. Tod Lickerman, global chief executive officer of property consultancy DTZ, has said that there are a lot of people who have started talking about and thinking about India again. They all feel confident about India because things are already changing, but say that they are now waiting for a few more things to prove that India is going to be an investment-friendly market and is going to invite FDI in various other fields.
DTZ works with top global companies, helping them search properties to house their offices, stores and factories. Real estate consultancies are usually the first to get a sense of the prevailing business sentiment as companies lease or acquire real estate to expand their businesses in good times or freeze such plans amid a slowdown.
While DTZ itself has not raised a specific fund for India, the conditions are now ripe for one, he said. This business brings in over 60% of the company’s revenues globally – of its $2.2 billion global business, about $1.4 billion comes from facilities management, which is a high revenue business.
Source: Deccan Herald
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