Latest news with #WestAsians
Mint
2 days ago
- Business
- Mint
Japanese developers bet big on Indian realty, lured by long-term growth promise
Bengaluru: Japanese investors and developers are placing large bets on India's real estate sector, prompted by a turnaround in the office, logistics and residential sectors, and convinced about the country's long-term economic growth prospects, analysts said. Post-pandemic, Japanese companies such as Sumitomo Realty & Development and Sumitomo Corp. (both Sumitomo Group firms), Mitsubishi Estate Co. Ltd, Mitsui Fudosan Co. Ltd, Mitsui O.S.K Lines Ltd and its subsidiary Daibiru Corp. and Marubeni Corp. among others have poured in millions into real estate projects and land parcels, primarily in Mumbai and National Capital Region (NCR). The deal momentum has gained further pace this year. Also read: Global firms Hines, Sumitomo partner for Mumbai condominium project In June, Goisu Realty, a group firm of developer Sumitomo Realty, which accounts for the highest share of India investments among Japanese firms, was allotted two land parcels in Mumbai's Bandra Kurla Complex, by Mumbai Metropolitan Region Development Authority (MMRDA), for a total of ₹3,138 crore. It paid 39-40% premium over the bid price for both the land patches. Similarly, Sumitomo Corp. partnered with other companies this year for two projects—an office project in suburban Mumbai's Kalina, near BKC, and a luxury condominium project in Powai. Mitsubishi Estate is also an equity investor in the office project. 'India is expected to continue experiencing a demographic dividend, along with maintaining economic growth in the 6% range. In addition to its domestic demand-led economic structure, the country is increasingly recognized as a global business hub, particularly in the IT, financial and service sectors," Sumitomo Corp. said in a June statement, announcing its entry into the Mumbai office market. 'Based on the shared recognition that India remains a resilient growth market even amid today's increasingly uncertain global economy, we have decided to participate in this project," the firm added. Also read: Prime Offices Fund makes ₹750 crore debut with Delhi office buy Japanese real estate investors and developers entered India much after the American, Canadian, West Asians and Singaporeans did. The Japanese, however, are patient, equity investors betting on land and early-stage projects, and not shying away from taking development risks, experts said. 'Japanese capital is demonstrating rare conviction by backing early-stage development deals across India's core real estate segments—office, logistics and residential. This is not opportunistic investing, but a strategic bet on the country's long-term growth trajectory," said Nishant Kabra, head—land & capital markets (North and West) India, JLL, a property advisory. 'In the last five years, we've seen over $1.5 billion flow into development equity—a clear signal that Japan Inc. sees India not just as a market, but as a multi-decade growth partner," Kabra added. Japanese investors entered India's realty sector via direct investments, or alliances with local partners or other international investors. Last year, Daiburu, with a century-old experience in constructing office buildings in Japan, said it has made its first India real estate investment, pumping in $123 million in 'Atrium Place', a premium office project in Gurugram, being developed by Hines India and DLF Ltd. 'India is a key pillar of the MOL Group's (Mitsui O.S.K Lines) strategy to diversify its business portfolio by increasing non-shipping, stable revenue businesses that counter-balance the volatile shipping market," Daibiru said. Meanwhile, Japanese shipping giant MOL Group has been actively expanding its presence in India. 'The Japanese came to the party late, but they are very long-term investors. Unlike other international investors and funds, they are not married to returns. Japanese real estate investors have no pressure to sell or exit investments, don't operate in a fund structure and rarely manage third-party money, which makes them different from the others," said Shobhit Agarwal, managing director and chief executive officer at Anarock Capital. As the real estate sector continues to perform on all fronts, Japanese investors are also eyeing multi-city investments, diversifying their portfolios and doing follow-on funding. Also read: India office Reits report higher FY25 income, leasing on strong GCC demand Last year, Mitsubishi Estate partnered with Alta Capital-backed logistics platform Logicap Management to develop industrial and warehousing assets in Chennai, Pune and NCR, betting on a sector that is highly fragmented but with growth potential. This year, the joint venture was extended with an additional investment to develop more assets. Earlier this year, Mitsubishi Estate also invested ₹560 crore in Birla Estates Pvt Ltd's residential project in Bengaluru, marking its maiden residential investment in India.
Qatar Tribune
5 days ago
- Sport
- Qatar Tribune
Jordan at doorstep of qualifying
AFC Muscat Jordan defeated Oman 3-0 in their penultimate AFC Asian Qualifiers - Road to 26 Group B tie on Thursday to move within touching distance of qualifying for an inaugural appearance at the FIFA World Cup. Ali Olwan starred with a hat-trick with the victory moving Jordan to 16 points and their place at next year's global showpiece will be confirmed should Iraq lose to Korea Republic in their tie later on Thursday. Jordan will remain in pole position even if Iraq defeat Korea Republic as they only have to avoid defeat when the two West Asian sides meet on Tuesday. Oman, meanwhile, still have some work to do if they are to seal a place in the playoffs. Both sides tested each other in the first 10 minutes, and Oman captain and keeper Faiyz Al Rusheidi had his first shot of adrenaline when Mousa Al Ta'mari put the ball past him in the 11th minute only for the Ligue 1 midfielder to be ruled offside. The hosts' slow and steady build-up was hampered by poor finishing, with Abdul Al Mushaifri and Harib Al Saadi both fluffing their shots in the 15th and 19th minutes respectively. Issam Al Sabhi then had a golden opportunity to put Oman ahead, but his close range shot in the 24th minute was resolutely palmed away by keeper Yazeed Abulaila. A brilliant through ball from Al Saadi from his own half in the 31st minute found Al Sabhi, who controlled the pass with his first touch but then stumbled under pressure in the box. Jordan, who only had two shots at goal in regulation, were awarded a penalty five minutes into time added on after a VAR review found Mohannad Taha had been brought down, with Olwan duly converting to give his side the advantage going into the break. It got even better for Jordan six minutes into the second half as a quick break saw Olwan getting his second when he side-footed home Yazan Al Naimat's pass from the left beyond the reach of a diving Al Rusheidi. Olwan completed his hat-trick in the 64th minute when he gleefully put the ball into an empty net after Al Rusheidi was caught off-position on the right by Al Ta'mari's pass. Oman made five substitutions but it proved a little too late and the West Asians will have to give it their all in their final match against Palestine on Tuesday.
The Hindu
5 days ago
- Sport
- The Hindu
Uzbekistan, Jordan qualify for FIFA World Cup for the first time; South Korea also books spot
Uzbekistan and Jordan progressed to the World Cup finals for the first time on Thursday, as regular qualifier South Korea also booked its place in North America next year with a 2-0 win over Iraq in Basra. Uzbekistan claimed its spot at the expanded 48-team finals with a 0-0 draw against the United Arab Emirates, which guaranteed Timur Kapadze's side a top two finish in Group A of the preliminaries alongside already-qualified Iran. Kim Jin-gyu and Oh Hyeon-gyu were on target in the second half for the Koreans against 10-man Iraq, and that win not only secured qualification for Hong Myung-bo's side from Group B but confirmed Jordan would also progress. The West Asians had beaten Oman 3-0 earlier in the evening through a hat-trick from Ali Olwan, but Jamal Sellami's side had to wait for the outcome of Iraq's meeting with the Koreans before being able to celebrate their World Cup berth. Goals from Musab Al-Juwayr and Abdulrahman Al-Obud earned Saudi Arabia a victory that puts Australia's celebrations on hold until the two nations meet in Jeddah on Tuesday. ALSO READ | All eyes on Lionel Messi as Argentina takes on Chile in World Cup 2026 qualifier But Australia's vastly superior goal difference means it can lose that meeting with the Saudis by up to four goals and still advance to a sixth consecutive World Cup finals as second-placed finisher behind the Japanese. Uzbekistan goalkeeper Utkir Yusupov made a string of second-half saves in Abu Dhabi to frustrate the UAE and earn his nation its first World Cup qualification since the country gained independence from the Soviet Union in 1991. Abbosbek Fayzullaev had hit the crossbar with a 54th-minute header for the visitor, but it was Yusupov who frustrated the Cosmin Olaroiu-coached Emiratis, which needed to win to maintain its hopes of automatic qualification. The draw means the UAE will now progress to the fourth round of qualifying as the point earned guarantees a third- or fourth-placed finish in Group A. The first two finishers in each of the three qualifying groups progress automatically to the World Cup while the teams in third and fourth advance to October's fourth round to battle for another two berths at the finals.
Times of Oman
23-03-2025
- Sport
- Times of Oman
Oman drub Vietnam 7-1 in Beach Soccer Asian Cup opener
MUSCAT: Former champions Oman, under coach Talib Hilal, delivered a commanding performance in their opening match of the AFC Beach Soccer Asian Cup Thailand 2025, defeating Vietnam 7-1 in Pattaya, Thailand, on Friday. With this impressive win, Oman will look to maintain their momentum when they face Malaysia next on Sunday in Group D, while Vietnam aims to regroup and bounce back against Bahrain on Sunday. Bahrain beat Malaysia 4-3 in another pool match. It took Oman less than ten seconds to break the deadlock, as Abdullah Masoud Salim opened the scoring. Salim expertly controlled Khalid Khamis Al Oraimi's overhead cross, evading two Vietnam defenders before placing the ball into the bottom right corner past goalkeeper Nguyen Anh Quang. The West Asians doubled their lead just six minutes later through a well-taken penalty by Sami Fail Al Balushi, which sailed past Quang and into the back of the net. Oman continued to press forward, with Salim coming close to scoring his second in the 10th minute, but his shot struck the woodwork. Vietnam's best chance of the first period came in the final moments when Quang's long-range effort was denied by the crossbar. The second period saw Oman extend their advantage further, with Mushel Hilal Al Araimi's stunning long-range strike finding the net to make it 3-0. Vietnam, under coach Van Duc, struggled to break through Oman's resolute defence. The Abdullah-Al Oraimi combination remained a constant threat. Moments later, Abdullah scored his second goal of the game, converting from Al Oraimi's precise corner kick to put Oman firmly in control. Vietnam showed some signs of life in the third period when Phan Dat headed in a goal from Ho Quoc Hung's well-delivered corner kick, reducing the deficit to 4-1. However, Oman quickly regained their dominance. With six minutes remaining, Ahmed Rabi'a Al Owaisi converted a penalty to give Oman their fifth goal. The final minutes were a flurry of action as Musallam Mahfoodh Al Araimi netted twice in quick succession, sealing a comprehensive 7-1 victory for Oman.
