Why U.S. Investors Are Building Their Hopes on Indian Real Estate

posted by   prashant (299)   25 months ago (knowledge.wharton.upenn.edu)

JP Morgan, Morgan Stanley and Merrill Lynch are among the foreign funds that have committed capital to Indian real estate. In July, JP Morgan raised $360 million for investing in Indian property from high-net-worth investors and institutions in the U.S. and elsewhere. It is reportedly looking at a net internal rate of return of 20%. In March, Morgan Stanley announced an investment of Rs. 300 crore ($65 million) in Mantri Developers of Bangalore, a promoter of residential, office and retail projects.