According to Jeremy Waters, head of international capital markets at London-headquartered property consultancy Knight Frank,India's real estate market, particularly the commercial segment, is increasingly finding favour with global investors and the next 18-24 months will see new sovereign funds, pension funds and large public institutions enter the country. Waters told ET in an exclusive interaction,"It's a very exciting time for India. We are getting more queries and requests for research on India. The country is being viewed by more investors globally than ever and the appetite is likely to growth further" . ''New legislations including Real Estate Regulatory Act and that for real estate investment trusts along with efforts to bring in transparency into the country's property sector are encouraging international investors to look at India'',PM Modi said. Foreign investors' appetite for Indian realty is on the rise owing to relatively better economic growth and therefore returns. In 2015, overseas PE players invested about $2.3 billion into the sector, as per a Knight Frank estimate. "If we are selling a London building with asking price of $200 million, we would go to North America, China, Middle East and Europe. Two years ago we would have not considered India, but now we will," Waters said. "Indian institutions and even high-net-worth individuals can be prospective buyers for such properties not only as developers but as investors," he said.