3 times more than 2008-09:The Rs 70,000-crore Indian real estate sector is expected to see fresh investments to the tune of $1.5 billion in residential deals by exclusive real estate funds in the financial year 2010-11, three times more than the total quantum that such funds invested in FY 2008-09.
These funds include Sun Apollo, HDFC India Real Estate Fund, RedFort Capital, ICICI Prudential Infrastructure Fund and Xander Real Estate Partners. The investments will be both in the metros as well as Tier II cities in India and signal a rebound in realty fund activity in the country after a lull in the last 12 months.
Top 10 most attractive cities to invest:The residential projects are largely centered in Mumbai, Thane, Panvel, Pune, Ahmedabad, Gurgaon, Noida, Ghaziabad, Faridabad, Bangalore, Chennai, Kolkata and Lucknow. These are prime residential centres in India which form the radar for most fund houses.
As per the recent rankings based on Knight Frank research, the top 10 most attractive cities to invest in include Delhi, Mumbai, Surat, Bengaluru, Kolkata, Ahmedabad, Jaipur, Chennai, Pune and Lucknow.
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