FDI in the real estate

In fact, they were the first firm to be allowed to bring in FDI in the real estate – since 2000, the Group has brought in as much as $500 million of FDI equity. But, is the ‘scalability’ model actually sustainable in a country like India with so many millions below the poverty line? “India is a rapidly growing economy and provides a unique opportunity to create world-class financial services. The confidence of Mr. Mittal and Farallon Capital in Indiabulls is a testament to the huge opportunity in front of the company,” Sameer Gehlaut, CEO, Indiabulls Group, didn’t lose a step nonchalantly communicating the same to us, with the necessary sycophantic embellishments.

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Source : IIPM Editorial, 2007

An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative