Sunday, March 16, 2008

At least 50 property-related initial public offerings in the next year as Indian real estate industry booms - Anish Jhaveri, HSBC Holdings

Jhaveri said that venture capitalists and NRI investors were poised to invest over $5 billion in the Indian real estate sector, without providing more details. “People are seeking more clarity” on possible changes to property regulations before investing, he said.

His forecast takes into account the possibility that India could allow real estate investment trusts, or REITs, to invest in the nation’s property industry. Still, of the 50 real estate related IPOs that he predicted would take place in the next year, he only expected a “small” number to be REITs.
Indian Real Estate Boom Lures Foreign Investors

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