Ravi Karandeekar's Pune Real Estate Market News Blog: Investor risk appetite in realty dry but high net worth individuals still active

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Tuesday, December 23, 2008

Investor risk appetite in realty dry but high net worth individuals still active

High Net-worth Individuals' (HNI) money is still very much in the market and developers are not missing the cue

"There are transactions in Mumbai, Pune and many other markets where IT parks for example have been leased close to half million and million square feet – a cluster of 2-3 buildings or indeed standalone buildings which are being now sold as income generating assets to HNIs," says Sanjay Dutt, CEO, Jones Lang Lasalle Meghraj.

Rate of returns expected by the HNIs is as high as 18-20%. That’s a very steep jump from the 10-11% that they were expecting last year.

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To read more, please visit - Priyanka Ghosh - MoneyControl