Indian Real Estate: A Fast Maturing Industry

                                                                                         

Special economic zones (SEZs) might be coming in for flak from more quarters than one, but their popularity among foreign investors is growing. The latest to join the long list of such investors is Soros group which has expressed interest to invest in SEZs in the country.

Soros Foundation deputy chairman Robert Soros met officials of Commerce Ministry last week and has sought clarification on the nature and extent of incentives offered to investors in SEZs. Ministry officials said though the intent is still at a preliminary stage and the location of the eventual SEZ has also not been decided, Soros is likely to pitch in for a multi-product SEZ and is also eyeing technology zones.

The global financial market heavyweight would require at least 1,000 hectares of land. The chairman of the foundation George Soros, who was in India last month had indicated increasing investments in the country and ranked India higher than China as a destination for investments.

This would be the second time the billionaire-philanthropist-writer would be attempting an entry into India. The first time, he had confessed last month, the group had met failure.

“Investors from countries Japan and Singapore who have been wary of investing in SEZs till now have also shown interest in coming to India with huge investments in SEZs,” official s said.

Already FDI worth 14 billion dollars is expected to flow to 63 SEZs, which have been already been notified by the government.

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Source: IndiaRealEstateblog http://www.indiarealestateblog.com/?p=1000">IndiaRealEstateblog>

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