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India's Promise - Part 1

Monday, May 21, 2007

REAL ESTATE
India's a rising star in the global economy, but rapid growth has created challenges for the nation. In this series of reports that leads up to a special edition of NBR, Washington Bureau Chief Darren Gersh explores India's future and its challenges. Part 1 focuses on the Indian real estate boom.

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Related NBR Stories & Links

Learn more about India by exploring the home page for the NBR special, "India's Promise."

External Links/Articles*

  • Federation of Indian Chambers of Commerce and Industry (FICCI) (PDF Document)
    This links to the federation's "Survey on the Indian Housing Finance Sector." It includes data for India's National Housing Bank as well as other sources. In addition to presenting the data, the survey also compares housing finance in India to housing finance in other nations.
  • Hiranandani Developers
    Hiranandani Developers is a construction, real estate development, and facility management firm baased in India. The company's managing director, Surendra Hiranandani, is interviewed in Darren Gersh's report.
  • India's Ministry of Finance.
    The Ministry of Finance website offers data about the Indian economy. The nation's finance minister, P. Chidambaram, is interviewed in Darren Gersh's report.
  • International Monetary Fund (IMF) (PDF Document)
    This links to the “Staff Report for the 2006 Article IV Consultation” by the International Monetary Fund, which provides useful information on the state of the Indian economy. Indicators listed include GDP growth, foreign direct investment, and more.
  • Kotak
    Kotak is the home of the Kotak Realty Fund, which is a private equity fund focused on Indian "real estate and real estate intensive businesses." The fund's CEO, S. Sriniwasan, is interviewed in Darren Gersh's report.
  • "Report on Trend and Progress of Housing in India"
    This is an annual publication of India's National Housing Bank, which is owned by the Reserve Bank of India. The website offers links to housing reports issued since 1999.
  • Reserve Bank of India (PDF Document)
    This links to an occasional paper published by the Reserve Bank of India in 2006. It is titled, "Indentifying Asset Price Bubbles in the Housing Market in India - Preliminary Evidence." The Reserve Bank website also offers other data about the Indian economy.
  • UN Department of Economic and Social Affairs
    This links to the "India Section" of the UN's Division for Sustainable Development. You can read a variety of reports on sustainable development in India.
  • *Clicking these external links will take you off the NBR web site on PBS.org. NBR has no affiliation with these sites.

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