The
Managing Partners of MIPL have been investing in Real Estate as an asset
class much before it’s current popularity. It all started in 1976
with a modest investment of Rs. 11,000 in a town called Haridwar on the
banks of river Ganges, in the foothills of the Himalayas where the first
piece of RE was acquired. In a short span of 3 years, the Managing Partners
exited providing upwards of 50% IRR on the initial amount invested.
Today, MIPL actively invests and manages a broad real estate portfolio
in the following segments:
-
Condominiums
- Serviced Apartments
- Commercial Buildings
- Agricultural Farm Land
India
has a huge real estate market potential. The Indian real estate sector
grew at an estimated rate of 30% last year owing to FDI norms and related
growth drivers. By 2010, this sector is estimated to be worth between
USD 45-50 billion (Source: DSP Merrill Lynch).
It has
the potential to touch USD 90 billion in the next 10 years.
A
lot of non resident Indians have made major investments in real estate
in India. There are others who want to ride the Indian real estate boom
by investing in properties.
MIPL
offers a wide range of services geared towards these high net worth individuals
who are looking for real estate advisory service professionals who can
advise them and offer them following services:
-
Offering ranked properties for purchase
- Resale of property
- Property management
- Letting management
The
managing partners of MIPL frequently visit cities all over the world with
a large Non-Resident Indian presence to discuss their real state management. |