0 international real estate development summit cre markets the growth tiger of indian 1 executive summary 2 property in india moving from fragmented to organized national cycle early stages institutionalization sector gathering momentum with relaxation foreign direct investment fdi guidelines scale opportunity cumulative demand for commercial office space between 2004 & 2007 estimated excess 80 million ft potential requirement debt finance against assets valued at 7 billion over 07 it parks form most significant a absorption close 43 3 overview capital 4 location success factors manpower availability wage rate arbitrage opportunities occupancy costs increasingly determine attractiveness market movers 60 action currently concentrated bangalore chennai hyderabad volumes 2005 21 sq has turned out largest leasing 6 8 ncr pune mumbai 9 new locations kolkatta
