By Simon Reid, Chairman, Anglo Indian Group of Companies
Where does ‘Team Anglo Indian’ consider opportunities for Indian real estate right now?
- Middle to upper end residential development in core metros such as the National Capital Region, Maharashtra and other key cities such as Bangalore, Ahmedabad, Chennai.
- Projects which offer excellent price to quality ratios.
- Projects which have real differentiation in what they offer, such as sports and education amenities.
Anglo Indian’s USP of anchoring new developments with brand name sports and education operators from the British market has generated enormous interest, and we expect this to continue as we launch these projects in late 2011 and in to 2012.
The Indian Government’s continued proactive support for FDI will be paramount in ensuring continued growth, both from the investor side as well as the operator side. Recent rumours of a further relaxation in single format retail have caused some excitement that finally the retail market will open up further, especially in the middle to high end segments such as luxury goods and apparel, but this remains to be seen.
Whichever segment of the real estate market you are operating in, the key for long-term success is to provide high quality product at a competitive relative price. Whilst this seems to be an obvious statement to make, it is extraordinary how often players in the market forget this!
