JLL CEO Discusses Key Real Estate Market Issues

Date : Nov 20, 2014

Alastair Hughes, CEO (Asia Pacific) of JLL real estate group, has spoken to BusinessLine to share the real estate market issues currently affecting investors and corporate leasing in India.

Highlighting India as a key player for investment, Mr Hughes argued that the country has seen a dramatic recovery following its economic slump between 2010 and 2011, and is now "in sync" with the rest of the Asia Pacific region.

Although admitting that India was behind regional giants including China and Japan in terms of investment just 18 months ago, Mr Hughes has suggested that India is now the centre of attention.

According to Mr Hughes, an increase in money flowing into the Indian market is likely to prompt a Real Estate Investment Trust (REIT), which could see $10 billion of REIT listed by March 2015 assuming the Indian government offers taxation relief.

He continued: "The top 18 developers in India have got ready stock that has potential for REIT, the valuation of which is about $10 billion."

This increase in money flow is also expected to have an effect on the demand international investors have in the country, which often only sees a small amount of investment from outside India.

However, Mr Hughes predicts an increase in liquidity that would boost the investment in India coming from beyond Asia and the Middle-East.

Source And Courtsey By :- http://www.billionairesaustralia.com/jll-ceo-discusses-key-real-estate-market-issues/