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Real Estate Services India

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Real estate consultants dealing in residential, institutional, industrial
and commercial properties in india.

residential flats india commercial plots institutional plots industrial
plots commercial properties

Article Body:
India's real estate market is getting very, very warm.

It still may be a fragmented industry with high transaction costs and an
absence of transparency, but it is whetting the appetites of domestic and
overseas investors. In India, changing government policies and a focus on
infrastructure are driving up the demand for housing developments, malls
and offices.

"For investors seeking the high returns that are no longer possible in
the mature European and North American real estate markets, India and
China are hot," said Prakash Gurbaxani, the chief executive of TSI
Ventures in Bangalore, a joint venture of Tishman Speyer Properties of
New York and ICICI Bank, based in Mumbai.

"Every foreign investor group, including pension funds, high-net-worth
individuals and private equity funds, are all looking at this sector,"
said Gurbaxani, whose company has planned to invest more than $1 billion
in the industry in the next few years.

In the past, investors were wary of the opaque business practices in
Indian real estate. The land laws were archaic, mortgage financing was
expensive and the quality of the developments was poor.

But these days, India's $12 billion real estate market is expanding at a
30 percent annual rate. Analysts at Merrill Lynch predict that the real
estate market will grow to $90 billion in 10 years.

Foreign and domestic investors are eagerly scouring this market, but only
recently has real estate begun attracting meaningful amounts of capital,
said Rajesh Khanna, managing director in India of the private equity firm
Warburg Pincus. In the past year, Warburg Pincus has dedicated a third of
its resources in India toward creating and evaluating real estate
investment opportunities.

Next month, the real estate developer DLF Universal will have a public
offering that is expected to raise more than $3 billion in what is billed
as India's biggest share sale. It tops earlier public offerings such as
the $2.3 billion share sale of the government's Oil and Natural Gas Corp.
two years ago.

Kushal Pal Singh, the chairman of DLF and one of India's richest men, is
credited with turning a sleepy New Delhi suburb into a bustling zone of
fancy malls and offices. DLF has projects in 18 cities but plans to
expand to 36.

Last year India's government eased restrictions on foreign ownership of
real estate, construction and housing companies. Foreign developers can
have wholly owned subsidiaries in India if they invest $10 million.
Foreign companies can build commercial and residential buildings if the
projects exceed 50,000 square meters, or about 538,000 square feet.

Last month, the California Public Employees Retirement System invested
$100 million in a real estate fund floated by IL&FS Investment Managers
of India. In March, Morgan Stanley's real estate investment arm said it
would pay $68 million for a minority stake in an Indian property firm,
Mantri Developers.

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