SINGAPORE: The Government of Singapore Investment Corp's (GIC) real estate arm warned on Thursday about a looming oversupply of luxury hotels and malls in India although it remained bullish about the country's longer-term prospects."I would probably stay away from luxury hotels because I think there is a huge supply coming... I would also stay away from retail malls in the short term for the same reasons," GIC Real Estate Deputy President Goh Kok Huat said at a property seminar in Singapore. Full story
