NAFIS, Shabbir Husain

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DSP Merrill Lynch beefs up India real estate investing

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Source FinanceAsia:

  1. DSP Merrill Lynch poaches Nipun Sahni from GE Commercial Finance, to spearhead real estate principal investments for the firm in India.
  2. Sahni’s will be responsible for the firm’s real estate principal investments in the country, based in Mumbai.
  3. Hemendra Kothari, chairman, DSP Merrill Lynch, says, “We look forward to capitalising on the many opportunities within the rapidly emerging real estate sector in the country.”
  4. India’s real estate market has attracted interest from a host of global players including Citigroup, Goldman Sachs, Morgan Stanley and others.
  5. With the Indian economy forecast to grow at 9% this year, real estate in the country is still considered undervalued.

Lots of constructions and development on its way from a reat estate perspective. Prices are only going to move up.

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Written by shabbirhusain

January 12, 2007 at 1:28 am

Posted in Business, India, Real Estate

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