Foreign investors shift focus to India's commercial sector due to declining home prices, with firms like Blackstone, Xander, and Morgan Stanley leading the charge.
Morgan Stanley is considering investing in a 1.6 million sq ft office space development in Mumbai's Bandra Kurla Complex, marking their first commercial sector investment in India.
Jaypee Group introduces the Yamuna Expressway project in Uttar Pradesh, connecting Noida to Agra, with a total cost of $2 billion.
India's economic growth projected at 6.7% amidst global slowdown, impacted by risk aversion and rising credit defaults.
Real estate stocks have plummeted, with the BSE Realty Index down 68.5% in 2008. DLF announced a buyback, while analysts predict further decline due to slowdowns, rising input costs, and high interest rates.
In a shifting market, while foreign investors offload stakes, domestic retail investors rise, showcasing a contrasting trend in stock ownership dynamics.