A new study, conducted by Ficci and Ernst and Young, has suggested that a regulatory body is set up for real estate and granting infrastructure status to housing. The study, entitled 'Realty Decoded: Investing Across Borders', is due for release next Thursday (September 23rd).
It notes that the strongest markets around the world appear to be those in which controls have curbed excessive lending, speculative buying and instability. Indeed, markets where measures have been introduced, such as India and China, have seemingly resisted the economic downturn and are enjoying unprecedented growth.
The study compares regulatory environments across nine geographies - India, China, the US, the UK, Germany, Singapore, UAE, Brazil and Russia. China ranks top followed by the US, UK and Singapore.
Speaking in response to the reports suggestions, Ajit Krishnan, partner and national leader of infrastructure practice at Ernst and Young, said: "As the global economy continues to recover, real estate investors worldwide are poised to take advantage of investment opportunities."