To strengthen the grounds in the Indian real estate segment many real estate majors namely Raheja Group, Hiranandani Group and Tricona were committed in creating the history by executing different realty and infrastructure projects in India. In this regard, as reported by the sources the above said companies introduced Foreign Direct Investment (FDI) to fund on their projects. It was also predicted that the funds through FDI were about USD 10-12 billion.
In addition to the above listed many other key players in the Indian realty segment like Unitech, Ansal API, Omaxe fallowed the footsteps of Raheja and Hiranandani groups and then sold their shares at the AIM to raise the funds and also invited FDI. It is further told by the sources to the www.propertykhazana.com that during that peak Kishore Biyani endorsed Kshitiji and Ashok Piramal Group promoted the Peninsula Realty Fund and the ultimate agenda was for the flow of FDI in India.
The reports further said in detail that, Foreign Investments were on high by the end of 2006 which was about 3 Billion USD, and the realty players with dependence on the IPO and foreign markets targeted to raise the funds up to 50 Million USD.
The Indian realty and realty firms were on full force and grabbed the attention of the global investors which made the sector to witness huge growth.
Source: NIMMA BENGALURU
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