FDI In Real Estate May Touch $25b In 10 Years.
Foreign direct investment in the country’s real estate sector is likely to rise to $25 billion in the next 10 years from $4 billion, even as the industry faces a slowdown in the short term due to rising interest rates, an Assocham study said. “Despite real estate market confronting a temporary depression with real interest rates hovering between 12 and 16%, FDI in real estate market would increase by about $21 billion to $25 billion in the next 10 years,” industry chamber Assocham said in its latest study. At present, the domestic real estate market is estimated at $115 billion. Courtesy: - The Economic Times 6Th August2008
