Foreign investors 'interest in Indian real estate is on the rise after almost five years ,India-specific fundraisings indicate. The cycle started gaining momentum just before the 2014 general elections and at least $2.2 billion(Rs 14,680 crore) of funds have been raised so far in the current investment cycle, indicating an improvement in foreign investors confi -dence in Indian real estate,said consultancy firmJLL India. ''During the pre-GFC(global financ-ial crises )phase,82% of funds got raised in US dollar. This reduced to 57% in post-GFC phase when micro-market understanding was required more than banking on the macro-economy,''said Shobit Agarwal, managing director of capital marketsat JLL India.''Interesting, the contribution, 2014 onwards,has increased considerably to 70%-hinting that the positively is here to stay for some time.'' Recent easing of foreign direct investments rules is expected to bring in more capital into the property sector. PE funds are also looking to leverage on this rising intere -st among foreign investors.''We believe this is an opportu -ne time to invest in Indian real estate,with rigorous risk management and strong asset management. offshore funds are showing interest in Indian real estate and there is lot of interest from FDI funds back in Indian real estate, ''said Rubi Arya, chief executive of milestone Capital Advisors.''We are planning to leverage further on our structured debt and commercial platform to raise money from offshore funds.