What does this all mean for the outlook of Indian property, I asked Chothani. Firstly, "we expect to see the market continue with the same momentum, sustained by strong demand, strong FDI inflow, and the support of government-led infrastructure development", although, just like anywhere else it seems:
"developers will have to adopt innovative techniques to keep a check on spiralling construction. In addition, with finance costs also on the rise, developers and Private Equity projects will be pressured into delivering affordable housing solutions".
Nevertheless, Chothani is more the bull than the bear;
"big project commitments by major companies coupled with growth in retail, housing, logistics and industry, will be the key elements of the real estate sector in 2008".- Starting a diversified journey
By Sean Kelleher, Special to Gulf News
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