Jul 26 2007
Cityscape India at the Bombay Exhibition Centre Mumbai from 19-21 November 2007
In a keynote speech to Cityscape India at the Bombay Exhibition Centre Mumbai from 19-21 November 2007, Trump will convey the complex strategies required to attract high net-worth individual investors as well as major international institutions, an issue seen as critical for long term growth of real estate in India.
Donald Trump Jr. is at the forefront of today’s young businessmen with extensive Indian real estate development experience in the United States and the Middle East where the Trump Organization’s hotel condominium concept is to be pioneered on the iconic
Jumeirah
Palm
Island in
Dubai.
Real estate India market growth in mature regions such as the US, UK and
Australasia are experiencing a cooling down. In contrast, the real estate market in India, along with those of China and the
Middle East, are booming.
A recent study by DTZ, a leading global real estate advisory and consultancy company said
India’s real estate market is estimated at $12 billion and growing at rate of about 30% annually.
Strong and improved economic growth, proactive policy initiatives like the relaxation of foreign direct investment rules in construction and availability of finance is driving demand for real estate in India across all sectors - commercial, residential, retail and hospitality.
Trump will point out that the major challenge for the Indian real estate market is to ensure it continues to meet the expectations of high net-worth global investors. He believes owners and developers must understand the ‘mindset’ of prospective investors and offer unique and attractive real estate developments in a secure investment climate.
He recently said what is needed is an environment that encourages developers to ‘think out of the box’ and to redefine the boundaries of creativity, architectural design, and structural engineering to bring further boost the real estate in India.
Rohan Marwaha, Group Director, Cityscape, said, Trump’s message was clear, ‘Foreign direct investment into India climbed to a record US$11.2 billion in 2006 and reformed real estate investment regulations for non-resident Indians and, more crucially, foreign investors is providing a new impetus real estate in India market.’
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