Indian real estate opens to foreign investors

The real estate sector in India has seen tremendous growth over the past year as property prices have soared and the number and scale of projects have increased. Needless to say, developers are enjoying this growth and are seeking to meet demand with large-scale projects. To fund these projects, developers are looking to investors, both domestic and foreign, through avenues such as listings on London's Alternative Investment Market, domestic initial public offerings, private equity participation and the setting up of joint ventures.