Foreign direct investment (FDI) in Indias property market is likely to rise to close to £13bn over the next ten years from the present £2bn, despite the fact that the sector faces a slowdown in the short term due to rising interest rates, an Assocham study said.
Despite real estate market confronting a temporary depression with real interest rates hovering between 12-16 per cent, FDI in real estate market would increase by about $21 billion to touch $25 billion in the next 10 years, industry chamber Assocham said in its latest study.
At present, the domestic real estate market is estimated at £7.8bn, of which FDI contributions are about £2bn, it pointed out.
More : homesoverseas.co.uk
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