Market cap of real estate companies to grow to $160 billion in ten years

Market cap of real estate companies to grow to $160 billion in ten years

Edelweiss Securities in its recent report has predicted that the market capitalisation of real estate companies in India will grow from $16-18 billion at present to $50 billion by end 2007 and to over $160 billion in ten years. "Real estate in India is in a breakthrough phase and is poised to be an important part of the country's growth trajectory, leading to significant market creation," the report says. It is estimated investable real estate of $480 to $600 billion will be created in the country in ten years.

For more such project news, visit
http://www.constructionupdate.com/products/projectsinfo/2007/jan1to7-2007/004.html