Mr Sanjay Dutt, Chairman, FICCI Real Estate Committee, and MD and CEO, Tata Realty and Infrastructure Ltd said that the Indian real estate sector has started reviving and the first half of the year has already seen $2.7 billion investment. Speaking at the 'Conference on Real Estate Financing', organised by FICCI, Mr Dutt said that the Indian real estate sector is in a state of nirvana with revolutionary reforms playing charm to attract investments and restore confidence in the sector. "2019 has started on a positive note with about $2.7 billion of real estate investments recorded in the first half of the year in various asset classes across the country. Improvement in infrastructure, roads, and metros coupled with the increased speed of technology implementation (e.g. 5G) will be impactful game changers for the sector and will improve the investor interest in the sector," Mr Dutt said. The launch of India's first Real Estate Investment Trust (REIT) is another positive move for the sector further building confidence amongst global real estate investors to invest in India, he noted. "The majority of the funds and private equities are investing in commercial and warehousing spaces and top 40-50 million square feet of space is getting absorbed in major cities of India," he added.
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