India real estate 'to outperform other regions'

October 09 2008 | Category: India: Property

A new study has found that the real estate market in India is set to "outperform" other regions of the world.

Real estate consultancy firm Jones Lang LaSalle has conducted its Investor Survey Sentiment, with the results forecasting the market will drive the Asia-Pacific region, reports the Economic Times.

Some 20 per cent of the respondents, which included developers, sovereign wealth funds and investors, said that India and China would help to make the region "the best performing market".

The area is expected to be one of least affected worldwide by the current economic turmoil.

A statement from Jones Lang LeSalle said: "There is a clear inverse relationship between strongest performing real estate markets and those economies expected to be most impacted by current global economic environment."

Sanjaya Panth, senior representative of the International Monetary fund, recently told the Business Standard that India will remain one of the fastest-growing economies worldwide despite the global economic climate.
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