JP Morgan to Invest US $ 1 Billion in Asian Real Estate

JP Morgan, a leading investment bank, plans to invest more than $1 billion in Asian real estate over the next three years with a view to fill a gap, as Indian and Chinese developers are in dire need of funds. The investment bank, which has fared better than some Wall Street rivals

Latest Real Estate Buzz

Real Estate in India has taken a rough tumble in recent months, with rising costs, and the RBI raising Interest rates between 12%-16%. Despite the ebbs, the Indian market has never seemed more attractive to foreign investors. The slowdown has infact brought in realistic growth-oriented investment opportunities for investors who can loosen their purse strings. According to the Associated Chambers of Commerce and Industry of India, FDI in real estate is set to increase from about US$21bn to touch US$25bn in next 10 years. Source India Property

Indian Realty Firms Head For Overseas Projects

few months ago, India was considered as a significant destination for global realty developers and foreign institutional investors. Now, with increasing oil prices and a softening of the real estate market, it is turn of the Indian realty market to make a crossover. Realty firms such as Piramal Sunteck Realty, Ajmera Group, Mantri Realty and BSEL Infrastructure are all set to plan overseas projects. Piramal Sunteck Realty is planning to partner Oman's business major, W.J. Towell Group for developing high-end mixed-use properties in Muscat. Hiranandani Group is building a residential tower ‘23 Marina’ in Dubai in association with Eta Star Properties. Hircon International recently launched the 90-storeyed high-end super luxury project. The Ajmera Group has formed a joint venture with Mayfair Housing to construct a 7.31 lakh sqft high-end residential and commercial tower in Bahrain. BSEL Infrastructure Realty Ltd has signed a memorandum of understanding with the Government of Malaysia’s statutory body Iskandar Regional Development Authority for developing the Iskandar metropolis. The company has committed an investment of Rs 18,000 crore, to be spread over 12 years.

19 June 2008 The Hindu Business Line

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Asian Real Estate Market To Adopt 'Green Building Practices' The Asian real estate market will adopt 'green building practices' in developing new buildings and improving existing ones. The new government policies drive progress towards climate change and other key environmental issues. "Green buildings are set to become standard practice and we need to quickly understand them, including how they deliver value to us. The uptake of green building practices in India is now quick and real estate practices are changing accordingly," said Mr. Simor Carter, Regional Head of Sustainability Asia Pacific for Collier International. 10 June 2008 Business Standard