Gulf developers to eye Indian real estate market
Major Gulf Property developers are expected to eye the Indian real estate market. According to experts, the latest Indian Government move to allow Foreign Direct Investment (FDI) in real estate will lure leading Gulf players.
The Indian government is planning to allow FDI in all real estate projects, including housing. Currently, 100 per cent FDI is allowed only in integrated townships.
So far, a handful of foreign players, including the Dubai-based Emaar Group, have entered India.