UK keen on Indian investments in realty
UK keen on Indian investments in realty
International

UK keen on Indian investments in realty

Pennews

The UK government is pushing for Indian investment into the country’s real estate sector, beyond London, to support its drive to create more affordable housing across the country, among other things.“We have a diverse set of opportunities for inward investment from India. We are particularly keen on getting investment beyond London — there are opportunities in real estate, infrastructure, particularly energy infrastructure,”said Greg Hands, UK’s Minister of State for Trade and Investment. “I think Indian investors could play a big role in our affordable housing agenda,” he added.

While foreign real-estate investors, including from China and Qatar, have made big inroads into the UK market, the country has to date seen limited investment (beyond private investments in housing or hotels) from India, with the exception of Lodha Group, which has two luxury housing projects in London and has expressed its confidence about moving to new price categories and beyond the residential sector.The UK Department for International Trade held an event at the House of Lords for delegates of the Confederation of Real Estate Developers’ Associations of India, (CREDAI) gathered in the city for their annual conference, at which it highlighted infrastructure and property development opportunities in northern England and the Midlands, including in and around Birmingham.

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