SEP 2013 | perenews.com FOR THE WORLD’S PRIVATE REAL ESTATE MARKETS Sponsors: Everstone Capital Indiareit Fund Advisors Kotak Realty Fund Portman Holdings Red Fort Capital THE InDIA REPORT 2013 A special supplement to PERE magazine
SEP 2013 | perenews.com
FOR THE WORLD’S PRIVATE REAL ESTATE MARKETS
Sponsors:
Everstone Capital
Indiareit Fund Advisors
Kotak Realty Fund
Portman Holdings
Red Fort Capital
THE InDIA REPORT 2013 A special supplement to PERE magazine
ROunDTAbLE | InDIA
Photography by Gautam Singh
Of lions and tigers India’s private real estate market has been
capital starved since a first wave of institutional
investors in the market found little success. PERE
hears from four surviving firms keen to ensure
returning investors don’t suffer a similar fate.
By Michelle Phillips
ROunDTAbLE | InDIA
22 PERE | THE INDIA REPORT 2013
Stampede in, stampede out
THE INDIA REPORT 2013 | PERE 23
The participants
Subramanian Sriniwasan
A beautiful thing
Rajesh Jaggi
Subhash Bedi
Khushru Jijina
ROunDTAbLE | InDIA
24 PERE | THE INDIA REPORT 2013
Hands on, cash out
Inflation (CPI)
The big picture
GDP growth rate
THE INDIA REPORT 2013 | PERE 25
International assumptions
Exchange fate When it comes to arresting the decline
in value of India’s rupee compared to
international currencies, PERE’s India
roundtable believes India’s central
government has their backs.
Currency trap
ROunDTAbLE | InDIA
26 PERE | THE INDIA REPORT 2013
Long haulers
Four lines of site At the end of PERE’s India roundtable participants were asked to peer
into their crystal balls to provide a snapshot of what might happen in
the country’s private real estate market tomorrow.
THE INDIA REPORT 2013 | PERE 27