The distorted global economy has pushed down the India real estate market to a deeper level. The consequences are worst than what the eminent financial experts had predicted in reality. Quite delightfully foreign investors are showing great interest even in this shattered market condition. Almost all the leading realty companies in India are working out on projects which can draw money from offshore business.
In a recent press release, it was announced that foreign investors have picked up 10% of stake in Indiabulls Real Estate. It shows that the investors from abroad are still enthusiastic and have faith upon Indian real estate companies.
On Monday Foreign Investment companies namely Fidelity, TPG, HSBC and Moor Capital had gathered around $553-million of shares sold by Indiabulls Real Estate (Ibrel). As told to the Bombay Stock Exchange IndiaBulls real estate had accumulated $2 billion that is approximately Rs. 9, 4000 crore from overseas investors the moment it flagged off the share sales. Ibrel sold shares worth value of 143.59 million at Rs 185 per share.
In the midst of recession weather, the Realty Index of BSE on property stocks in the last month had showed that the property Index went high up to 53 per cent. It is crystal clear that overseas investors are storing stocks of Indian realty developers in spite of the ongoing recession.
In a recent press release, it was announced that foreign investors have picked up 10% of stake in Indiabulls Real Estate. It shows that the investors from abroad are still enthusiastic and have faith upon Indian real estate companies.
On Monday Foreign Investment companies namely Fidelity, TPG, HSBC and Moor Capital had gathered around $553-million of shares sold by Indiabulls Real Estate (Ibrel). As told to the Bombay Stock Exchange IndiaBulls real estate had accumulated $2 billion that is approximately Rs. 9, 4000 crore from overseas investors the moment it flagged off the share sales. Ibrel sold shares worth value of 143.59 million at Rs 185 per share.
In the midst of recession weather, the Realty Index of BSE on property stocks in the last month had showed that the property Index went high up to 53 per cent. It is crystal clear that overseas investors are storing stocks of Indian realty developers in spite of the ongoing recession.
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