Neel Raheja, Chairman APREA - welcomed Mark Mobius
Mark Mobiuswas recently in India, and said he “finds coming to India fascinating and each time he comes there is new to learn and meets interesting people.”
As part of the event organised byAsia Pacific Real Estate Association (APREA); the leading voice of Real Estate in the Asia Pacific region, Dr. Mark Mobius was interviewed by Vishal Kampani, MD, JM Financial Ltd and discussed topics on emerging markets, REITs, Bitcoins and much more. He was welcomed by Neel Raheja, Chairman APREA and Group President, K Raheja Corp.
Mark had a candid conversation, but some striking comments included:
• Bitcoins not safe to invest in
• Emerging markets specifically India and Africa offer the best opportunities, and he expects a all emerging markets to perform well
• Between India and China he expects that India should be able to keep pace with China or rather be at a much faster growth path
• He expects Indian stocks to double in the next 5 years
• Finds REITs very relevant investments and says are equity investments as they property appreciates offer capital appreciation besides strong dividend yields
• He has a big grudge on completed assets not being maintained; he thinks the assets need to be maintained for good valuations.
• Demand for commodities will not go down; it will continue to go up
The evening also saw a panel discussion on Indian REITs: new investment avenue. This again saw excellent participation from industry stalwarts.
Led by moderator, Mr. Gautam Mehra, Leader – Tax and Regulatory, Pricewaterhouse Coopers India, the panellists included: Mr. V Hari Krishna, Director - Real Estate Investments, India, Canada Pension Plan Investment Board (CPPIB), Mr. Ranganath Char, Managing Director, JM Financial, Real Estate, Mr. Sanjay Dutt, CEO India Operations & Private Funds - Ascendas-Singbridge.
The evening ended on an interesting note with Neel Rahejathanking the audience for the enriching exchange of ideas and discussions.