INDIA GETS LISTED PROPERTY SECTOR
Indian property developers are seeking to raise up to $4bn through domestic and international share offerings by the end of the first quarter of 2007 in a flurry of listings that will see the birth of a listed property sector.
The capital raisings will open what was until recently one of India's most fragmented and untransparent sectors to large-scale foreign portfolio investment.
India's property sector has traditionally been under-represented on the stock exchange, with existing property stocks accounting for just a few per cent of the total market capitalisation of nearly $700bn.
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But the rapid growth of the IT sector is driving investment in office buildings, while a boom in consumer finance and retailing has spawned new townships and malls across the country.
印度股市将迎来房地产板块
印度房地产开发商正纷纷寻求通过国内和国际的股票发行，以求在2007年一季度末之前筹集高达40亿美元的资金。此轮上市热潮将诞生一个上市房地产板块。
上市融资将使印度房地产业向大规模的外国组合投资敞开大门。直到不久以前，房地产业仍是印度市场分割最严重、透明度最低的行业之一。
印度股票交易所中的房地产类股历来较少。在印度股市近7000亿美元的总市值中，现有房地产类股所占比例只有个位百分数。
但IT行业的快速发展推动了对办公楼的投资，同时在蓬勃发展的消费金融和零售业的带动下，印度全国涌现出大量新的城镇和购物商场。
