Blumberg Capital Partners was recently featured in a Property Week article titled "Homes Rule for India", which comments on the pressures felt in the commercial property market in India and opportunities in real estate. An excerpt:
Despite these obstacles, India offers stable and higher returns in the longer term and this has caught the attention of Philip Blumberg, chairman and chief executive of US-based Blumberg Capital Partners. Blumberg is raising a $1bn fund for the US, of which $300m will be deployed overseas.
He told the conference he would prefer to invest in income-producing assets but Indian law prevents this. “Unlike Dubai, India is a powerful revenue-producing country. If the country wants more money for development, it needs to allow investment in income-producing assets. This will help rotate capital and developers can free up the equity tied into completed projects.”
To read the full article, click here.
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