Recently, Bloomberg.com reported growing interest in real estate investments in India, hilighting Donald Trump Jr's announcement of the possibility of setting up a $1 Billion real estate fund for India investment.
High borrowing costs have created a downturn currently in Indian real estate, but the market is projected to see an upturn over the next two years.
The number of Indians with financial assets of more than $1 million grew 23 percent in 2007, according to a report by Merrill Lynch & Co. and Cap Gemini SA on June 24, surpassing China's 20 percent and Brazil's 19 percent growth.
New York-based Trump Organization Inc. also plans a residential and hotel project in Mumbai with a local partner to tap the growing wealth of middle- and higher-income Indians.