India's Global Perception Positive, Real Estate Investment Rising: Dr. Niranjan Hiranandani

Hiranandani Group Chairman Dr. Niranjan Hiranandani highlights India's growing appeal for global investments at Davos, citing strong interest in the commercial real estate sector while calling for more focus on housing to drive GDP growth.

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Sumit Kumar
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India's Global Perception Positive, Real Estate Investment Rising: Dr. Niranjan Hiranandani

By A Staff Reporter

Davos, Switzerland: Dr. Niranjan Hiranandani, Chairman of the Hiranandani Group, expressed optimism about India's global perception and investment prospects during his address at the World Economic Forum in Davos. Speaking about India's growing appeal as an investment destination, he remarked, "I think the perception of India is very positive. We are seeing enthusiasm worldwide in order to look at investments in India."

Dr. Hiranandani highlighted the shift in global investment trends, noting that interest in India is no longer solely tied to the "China Plus One" strategy. "The entire story of 'China Plus One' has changed because now the interest in India is irrespective of that. It's a positive sign that I am seeing," he said.

On the real estate front, he emphasized the strong inflow of investments in the commercial sector, particularly boosted by the exit opportunities enabled through Real Estate Investment Trusts (REITs). "Huge investments are coming in the commercial sector, especially with the exit opportunities which are there because of REITs. I think the commercial sector will see huge further investments in the sector," he added.

However, Dr. Hiranandani pointed out a lack of similar enthusiasm in the residential and housing sectors. "As far as residential and housing is concerned, I don't see that much interest yet," he said, emphasizing the need for housing to be prioritized to accelerate India's economic growth.

Reflecting on the broader economic outlook, he stated, "I think the growth GDP, which I would prefer to move from 6.5-7% to 10% plus, can only happen if housing is a focus that we need to do."