I expect numbers and significant transaction between foreign investors and Indian developers, primarily in the development and hospitality sectors. I think we can look to see the formation of many more venture funds to hold real estate, similar to the recently announced Tishman Speyer/ICICI venture. And I also think in the future the government will allow REIT-style vehicles, I-REITs or Indian REITs, to open the door to more foreign investment on a long-term basis.
Arun Natarajan is the Founder of Venture Intelligence India, which tracks venture capital activity in India and Indian-founded companies worldwide. View sample issues of Venture Intelligence India newsletters and reports.