by Anuj Puri, Chairman & Country Head, JLL India · China’s biggest developer Wanda signed an MoU with Haryana earlier this year; more developers from China and Japan are expected to follow suit · Large residential and industrial projects of particular interest Given the current prime minister’s focus on improving India’s stature amongst the global investment community, there has been a big change in India’s image as a business and economic hub. After 100% foreign direct investment (FDI) was allowed into the real estate industry, it was only a matter of time before foreign developers made big investment announcements. One of China’s most prominent developers, Dalian Wanda Group, signed a memorandum of understanding (MoU) earlier this year with the northern state of Haryana to develop ‘Wanda Industrial New City’. The investment of USD 10 billion, phased out over the next decade, is a very significant outlay by any Chinese company in India. Other Chinese developers ar...