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Americans investing in Indian Real Estate

lil dickie said: "Well you know thats a reverse: Americans are looking to India for "safe" [url=http://economictimes.indiatimes.com/Markets/Real_Estate/American_investors_high_on_Indian_real_estate/articleshow/2576750.cms]Real estate investments[/url] [quote] “The region is enjoying sound property market fundamentals. To date, the credit crunch has not significantly impacted the markets here. Liquidity levels are still high, and both local and foreign investors have maintained their allocations to real estate,” says a report by real estate consultant Jones Lang La Salle Meghraj (JLLM). According to JLLM senior manager Abhishek Kiran Gupta, in the backdrop of the sub-prime crisis, many small and mid-sized American funds are looking at the India market. “Some bigger funds, which entered 2-3 years ago, are now very comfortable with the Indian market. Their experiences have become an attraction for many smaller as well as some non institutional investors from US to put money in the Indian property market so as to minimise risks,” he said. [/quote] As long as the domestic market remains down...it appears people will look to greener pastures to get high returns."

FirefighterB said: "Very interesting. The herd does move to greener pastures, so maybe they're due for the next RE boom?"

lil dickie said: "I think thats how it works. People look for the next "hot" place and then invest until a bubble forms. Its human nature."