India market to struggle as foreign investment plummets, says raheja

India’s property market faces a bumpy fall to earth as foreign investment in the real estate sector dips, according to a leading developer.

A new Ficci report revealed that foreign direct investment (FDI) in Indian property has now dipped to its lowest level in four years.

Navin Raheja, chairman of and managing director of Raheja Group and chairman of Assocham, said: "In the present scenario, foreign investors value the property at cost and not the fair market value and there is substantial discounting while deciding the valuation of the transaction.”

As reported previously in OPP, India is already facing a housing shortfall in the coming years.

Source: OPP.org.uk