15 March 2017
Cannes
Reporter: Theo Andrew

MIPIM: India thinks smart to reap investment


India is inviting investors to develop millions of homes over the next five to seven years, as well as create dozens of ‘smart cities’.

The ambitious plans, unveiled at MIPIM in Cannes, are an attempt to lure international investors into the country’s potential $2 trillion real estate sector, through smart, affordable developments.

A change in government attitude has consequently seen sharp reform of regulations aimed at attracting global investors.

Not only was a change in attitude towards investment required, but so too must there be in the way capital is deployed if investors are to make the most of the country. Girish Grover, CEO at Turnit Capital, said: “Execution is the biggest challenge in India at the moment.”

Guy Perry, president of smart cities at Essel Group and senior advisor to McKinsey & Co, described potentially novel applications: “We are looking at developing units using economies of scale based on container technology.”

More news
The latest news from Real Estate Investment Times
Join Our Newsletter

Sign up today and never
miss the latest news or an issue again

Subscribe now
EPIC warehouse acquisition in the pipeline
20 November 2017 | London | Reporter: Stephanie Palmer
Ediston Property Investment Company (EPIC) is set to acquire four retail warehouse parks in the UK from Stadium Group, for £144 million
HFF delivers $288.8 million loan for resi project
17 November 2017 | San Jose, California | Reporter: Theo Andrew
HFF has secured $288.8 million of construction financing for two luxury residential towers in San Jose, California
CBRE Capital Advisors chosen for £100 million fund
16 November 2017 | Belfast | Reporter: Theo Andrew
The Northern Ireland fund will provide debt finance for real estate, regeneration, low carbon and infrastructure projects. It has been appointed on a 15 year mandate
AXA IM - Real Assets hit final close on logistics club
15 November 2017 | London | Reporter: Theo Andrew
The fund, which seeks to invest in 1 million square metres of logistics developments across Europe, raised the equity commitments from four international institutional investors
LaSalle names European head in business restructure
14 November 2017 | Paris | Reporter: Theo Andrew
Karim Habra was previously head of France for LaSalle, and his appointment replaces the firm’s previous structure of naming country heads for Europe
L&G settles on UK retirement villages for £102 million
14 November 2017 | London | Reporter: Theo Andrew
The portfolio, not yet fully developed, will comprise of 694 units, located in Liphook in Hampshire; Faygate in West Sussex; Exeter in Devon; and Great Alne in Warwickshire
Patrizia acquires German-based Triuva
13 November 2017 | Berlin | Reporter: Theo Andrew
Triuva had AUM of approximately €9.8 billion, meaning the deal, for an undisclosed price, places Patrizia in the top 10 European investment managers