Knowledge@wharton

What impact has the global financial crisis had on India’s real estate market? According to Aniruddha Joshi executive director of Hirco Group in Britain which develops residential properties and mixed-use townships in India the credit crisis has affected portfolio allocations. Still Hirco’s strategy toward property development in India will not change Joshi told Knowledge at Wharton in an interview during the recent Knowledge at Wharton Real Estate in Emerging Markets Forum. ”We believe that the long-term India story and the fundamentals are still intact.” See acast.com/privacy for privacy and opt-out information.