Contact Us
News

India still a key realty market for pe funds, says CB Richard Ellis

The Economic Times, New Delhi

November 23, 2012

Back

India continues to be a key real estate market for private equity funds and foreign investors despite the global economic slowdown, a top executive of property advisory firm CB Richard Ellis-Asia Pacific has said.

In India and the Asia Pacific region there is opportunity for developers to evaluate other sources of capital, and this is generating interest among investors.

"As the economic situation in the US, Asia Pacific and also in India becomes clearer, there would be several groups who might be looking to invest in India across real estate segments," chief executive officer and chairman Rob Blain said, adding that the company's internal business relationships across the region will help attract investors to different countries, including India.

Blain said he expects more funds to flow into India with an improvement in market sentiment. "All funds are spreading their risks and are going towards emerging markets as well. We hope to facilitate more capital flow into India."

In a bid to strengthen its capital advisory and real estate finance business in Asia Pacific, the property advisory firm recently brought on board six specialists, including Nick Crockett, from commercial real estate firm Jones Lang LaSalle.

These executives will be based in Sydney, Singapore and Tokyo. Crockett was heading JLL's corporate finance group in Asia-Pacific.

Back