Real estate is seeing a huge influx of finances - IIPM

Truly so, even funds available for this sector have grown phenomenally. As an example, in February 2006, the Kotak India Real Estate Fund-I raised $100 million from domestic investors & $60 million from international investors. Confederation of Real Estate Developers Association’s Director, G. P. Savlani, comments, “This sector would see a capital infusion of $7 billion in 2006.” With E&Y’s forecast of this sector touching $50 billion by 2010, realty is biting like crazy; and how!

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Source:- IIPM Editorial