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Updated almost 18 years ago,
New Member from Pittsburgh, PA (International Real Estate)
Hello,
I am a new member from the Pittsburgh area. I am a management consultant with a Top Tier Consulting Firm. I have recently been investing my time and energy buidling my real estate network and traveling to Asia looking for commercial and residential real estate growth areas, and opportnuties. There are significant changes in the real estate markets in asia, especially in India and China. In a recent survey by a Dubai Real Estate Developer, Sama Dubai, at the MIPIM Asia expo in Hong Kong had the following interesting Asian property stats:
The predicted potential growth prospects in India were the highest at 38 per cent due to a residential housing shortage of 60 million units & development of 4.3 million square metres of commercial property in the next 24 months. The hotspots cities identified were Chandigarh, Chennai and Kolkata.
At second place was the GCC (Bahrain, Kuwait, Oman, Qatar, Saudi Arabia & UAE) with an anticipated growth rate of 34 per cent
Coming at the third place was China with an expected real estate growth rate of 28 per cent (and a forecasted economic growth of 9.9 per cent by the World Bank)
Other strong growth prospects were in Hong Kong, Singapore, Korea, Malaysia and Taiwan
Asian countries currently attracting the highest foreign direct investment:
China - 35 per cent
India - 33 per cent
Japan - 12 per cent
GCC (Bahrain, Kuwait, Oman, Qatar, Saudi Arabia & UAE) - 12 per cent
Australia - 6 per cent
Korea - 2 per cent
My interest is particularly in India, where I am familiar with the demographic, socio economic conditions and also have a strong network of real estate developers. My vision for the future is to build an International Property Development and Investment Group with interests in Asia and the Middle East. I am looking for skilled partners who have similar interests and would like to have a conversation in this regard.
I look forward to your response.
Thanks
Raj