Addressing some of India's leading realtors and developers at the House of Lords in London, Minister of State for International Trade Greg Hands praised the industry's "fantastic track record" of investments in the UK.
"I am delighted to meet India's leading real estate developers, who are a testament to the fantastic track record of Indian investment in the UK. The UK is committed to ensuring that, as one of the fastest growing economies in the world, India has our full support to invest and succeed here," Hands said.
As many as 800 Indian delegates, including high net worth investors, are in the UK this week to explore investments in residential and infrastructure developments across the country as part of the annual international convention ofthe Confederation of Real Estate Developers' Associations of India (CREDAI).
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According to official figures, the market value of the UK's real estate is over 1.6 billion pounds, representing 21 per cent of total net wealth, and the UK claims to be the most popular destination for global real estate investment in Europe.
Real estate contributes 94 billion pounds to the UK economy, accounting for 5.4 per cent of GDP, and making a huge contribution to employment and regeneration.
CREDAI's 12,000 members are responsible for billions of dollars of real estate investments in India and across the world.
The DIT said its experts will attend the event to promote bilateral infrastructure trade and investment opportunities between the UK and India and advise on the ease of doing business in the UK's housing and real estate sectors.
Delegates will also be touring the UK, visiting the so- called Northern Powerhouse cities in the north of England and the Midlands as well as Scotland to look at real estate and infrastructure investment opportunities in local towns and cities.
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