Japanese developers and private equity investors are looking to enter Indian property market and could invest at least $2 billion over the next three years in residential as well as industrial projects, says JLL.
China’s biggest developer Wanda has signed an MoU with Haryana government earlier this year and more developers from China and Japan are expected to enter the Indian realty market, it said.
Private equity investors from these two countries are also looking at entering India’s real estate sector, it added.
“Japanese developers are keen to explore strategic partnerships and enter into joint ventures with Indian builders, and are particularly interested in industrial projects. There is likely to be an inflow of at least $2 billion in investments from Japan into the Indian real estate market over the next three years,” JLL India chairman and country head Anuj Puri said. After 100% FDI was allowed into the real estate industry, it was only a matter of time before foreign developers made big investment announcements, he said. The RICS-JLL survey shows that most respondents felt that institutions from Japan and China could come knocking to the Indian real estate market in 2016.