booming indian retail sector attracting massive investment
News Posted On: 30 November 2009
The largest property group in South East Asia, Singapore state-owned CapitalLand is set to make one of the biggest bets by a foreign company on India’s retail property boom, investing in 15 shopping centres worth S$2.1bn ($1.46bn) in association with two Indian construction and property groups.
The deal could also lead to one of India’s biggest retail real estate investment trusts when CapitaLand spins off the investments.
“We expect to deepen our retail and fund management presence in India to become a significant long-term retail real estate player there over time,” said CapitaLand, South-east Asia’s biggest property group.
Malls are the fastest growing sector of Indian retail, with a 15%-20% growth witnessed between 2002 and 2006, and a 3 fold growth forecast for this year. This growth is fuelled by the massively growing Indian middle class, as millions of Indian's flow from universities and into gainful employment in the thriving economy.
More recently there has also been growth in the number of high-income families also, with an estimated 1.6 million households brining in over $100,000 per year. This also likely bodes well for India's battered luxury property sector, which is still raw from the collapse brought on by the exodus of foreign buyers in 2008.
This growth also makes India's residential property sector one of the hottest in the world for investment. A growing middle class equates to growing demand for residential property to buy and to rent, and there is a clear opportunity to buy at the astonishingly low prices -- by western standards -- now, and make an absolute fortune as incredible economic growth increases the affluence of the Indian population.
View property for sale in India
Back to news articles for this country
Latest Related News Articles in India
Outlook for Indian Property Is Good
2011-08-24
Demand for residential property in India is expected to remain high, even though the market is unlik.....
Information Technology and the Property Market in Bangalore
2011-07-08
The rapidly expanding information technology sectors in Bangalore are having a significant effect on.....
All Sectors of Indian Property Market set to Thrive
2011-05-11
It's estimated that the Indian economy will continue to grow at around 8% to 10% each year, and that.....
Property Prices in Mumbai Still Soaring
2011-04-15
Property prices for luxury homes in Mumbai have risen by almost 20% which is the second highest rate.....
Strong Growth Predicted in India Property Market
2011-02-04
A recent study into the Indian housing market forecast strong growth due to the country's rapid econ.....
Affordable Housing in India Looking like a Good Investment
2011-01-14
Residential property prices in India fell by 25 to 30% from their previous highs in 2008 but have no.....
India Property Investment on the Increase
2010-12-28
Soaring residential demand in india is triggering rising investment.....
Indian Economy Up 8pc Year on Year in Q2
2010-09-01
Indian GDP grew 8.8% in the second quarter of this year compared to last year.....
Indian Property Market Enters Growth Phase
2010-05-06
All the signs point to the next 5 years being a time of massive growth in the Indian property market.....
India Property Prices to Grow 12 to 15 pc This Year
2010-03-29
Knight Frank and Citi bank research has found a high probability of major price increases in prime s.....