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All right well an emerging class and a GDP growth rate more than double in the United States in India.
With one of the largest populations in the world.
Some valuable investment opportunities in real estate development down there.
Joining us now and -- robbed by god but emea I Rio excuse me chairman and co-founder.
He's more with more on the real estate market in India I'm so glad you're here -- because India I think you know.
A lot of people -- -- really sure what's happening is it still emerging is it's still considered an emerging market.
Sure opposed to Paula Casey thank you for having -- real.
I think as you said GDP growth in India has been averaging.
Over 6% over the last several he does.
That is an emerging middle class that is.
That has growing incomes and the with the employment rates.
Sold with growing globalization.
And the wit the recent government reforms on to attract foreign direct investment.
We see real estate as a great place to be.
OK so you you run you have got about two billion dollars in your fund Jeff private and equity investing in housing in.
India that first of all the middle class though it's shocking isn't a little bit there we are seeing a big difference -- -- haves and the have nots in India.
I think that the the middle class is growing.
So in fact compared to China in addition you have growing globalization which is -- to 30% today and and likely to go up to.
Where China is at 50%.
The as we've seen employment.
In the so this -- sector -- You've actually seen incomes expects.
And you don't have that.
Leadership changes that you do in China right now so what are you building are you building apartments condos are you renting them or people buying them.
These as mortgages have have gained and incomes of penetration we've been bending master planned communities large.
Residential complexes that are.
Basically we have dual -- We've -- of the global architects.
-- it's it's been.
OK so it's residential homes out I know the fund is private you don't disclose hum -- and you well you have done but can people invest in this fund can I get in if I'm interested.
But as a private investor we have you -- -- blue -- invest does endowments sovereign wealth funds.
And sold we would gladly.
Take your investment.
And secondly we've you don't even though we -- private and we we don't actually.
Our our performance we've seen -- prices off of the end product what quite choppy.
People should be looking then it's -- it's an interesting places are looking especially outside the United States.
-- -- Akbar god -- thank you for being with us thank you.
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