Benjamin Netanyahu Invites Indian Realtors To Partner With Israeli Companies

 

 
 

Israel’s Prime Minister Benjamin Netanyahu has invited Indian real estate developers to partner with Israeli companies to boost productivity and profitability.

“You can increase the productivity and profitability of your enterprises by partnering with Israelis who are eager to partner with you to seize the future together,” Netanyahu said while addressing the realty developer’s apex body CREDAI conference here through video messaging. In terms of growth opportunities, Indian office stock are expected to touch 1 billion sq ft by the end of 2030, from the current level of 600 million sq ft, said a CREDAI-CBRE joint report.

According to the report, India is projected to have a $9-billion economic opportunity by 2030, wherein the per capita income could touch $5,625 for a population of around 1.5 billion with required annual infrastructure spending of 7-8% of GDP.

Real estate, which remained under the spotlight over the past five years for various policy and regulatory measures, is now seeking government’s attention mainly to resolve the liquidity crunch to help complete stalled and delayed projects.