According to Pricewaterhouse-Coopers (PwC ) and Urban
Land Institute, The outlook for Indian property markets has turned cautious
& cities like Mumbai, Bangalore and Delhi are likely to witness less
appetite for real estate investment by international entities.
The report is based on interviews of about 130
individuals & survey responses from above 275 executives working for
property Developers / Builders, Investors, Real Estate services companies,
Banks, Housing Finance Companies (HFCs) and Investment managers.
Mr. Gautam Mehra, ED, PwC India, the country's
favourable demographics and inherent, latent demand continue to be redeeming
factors. Several micro markets will continue to provide suitable investment
opportunities for investors & end users. The recent policy decision to
allow FDI (Foreign Direct Investment)
in multi brand retail will lend a spark to the dormant retail real estate
space.
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