#RealtyNewsRoundUp: FM Invites Asean Nations To Invest In India's Infra, Services
Finance Minister Arun Jaitley has invited the members the Association of Southeast Asians Nations (Asean) to invest in India, especially in infrastructure and services. "We in India offer great opportunities in terms of large infrastructure investment that we need. There is an infrastructure deficit that we have in India. We want India's domestic manufacturing to grow. In services sector, we offer a great potential in terms of investment," Jaitley said while speaking at the Asean-India Business and Investment Meet on January 23.
Housing Minister Hardeep Singh Puri has laid the foundation stone for construction of an underpass and a flyover, to be built in Mahipalpur at an estimated cost of Rs 188 crore. The construction work for the project was expected to be over in 400 days, and it would improve traffic movement and provide "great relief" to people, Puri said.
India ranks third on the US Green Building Council's (USGBC) annual ranking of the top 10 countries for Leadership in Energy and Environmental Design (LEED) certified buildings. According to the survey by the USGBC, the top 10 list highlights countries outside of the US that are using LEED. India, with more than 752 LEED-certified projects totalling over 20.28 million gross square metre of space, ranks third. The list is topped by China, which is followed by Canada.
With India emerging as an attractive investment destination, private equity inflow in real estate is likely to reach $100 billion by 2026, a recent survey says. According to a global property consultant, in the next 10 years, private equity inflow in the sector is likely to grow at 10 per cent CAGR (compound annual growth rate) to $100 billion by 2026, with Tier-I and Tier-II cities being the prime beneficiaries of it.
Source: Media reports