Realty sector may attract more foreign funds
Rob Blain, Chief Executive Officer and Chairman of CB Richard Ellis-Asia Pacific said he expects more foreign funds to flow into Indian real estate market with an improvement in market sentiment.
All funds are spreading their risks and are going towards emerging markets as well. The company hopes to facilitate more capital flow into India, he said.
The company's internal business relationships across the region will help attract investors to different countries, including India, he said.
There would be several groups who might be looking to invest in India across real estate segments as the economic situation in the US, Asia Pacific and also in India becomes clearer, Blain said.
The property advisory firm recently brought on board six specialists, including Nick Crockett, from commercial real estate firm Jones Lang LaSalle in order to strengthen its capital advisory and real estate finance business in Asia Pacific.
These executives will be based in Sydney, Singapore and Tokyo. Crockett was heading JLL's corporate finance group in Asia-Pacific.