new delhi canadabased nri billionaire bob dhillon is considering investing up to usd 100 million about rs 540 crore in the indian real estate market and is planning to approach the haryana government for developing a township near chandigarh dhillon the president and ceo of realty firm mainstreet equity corp is visiting india as part of a large business delegation accompanying canadian prime minister stephen harper i am looking at haryana more specifically areas adjoining chandigarh for development of a township i am in the process of discussion with the state government he told pti dhillon whose family hails from tallewal village in barnala district of punjab noted that the ageing population of indian diaspora in canada most of them are of descendants of punjab is looking for a second home in india the planned project would be near upcoming international airport on likely investment he said under the right circumstances we would consider investing usd 25100 million in india he said the investment in india might be in his personal capacity asked about the indian market dhillon said india is a developers dream because of its demographics migration from rural to urban areas and collapse of joint family system stating that india needs institutional capital to deal with the rising housing demand he said the government should make changes in laws to attract foreign investment the clarity in ownership rights easy repatriation of capital and pragmatic landlordtenancy act are required for easy inflow of institutional capital he said i would be in the best market of the world if the policies were tweaked to my apetite dhillon said and hoped that the indian government which has made changes in retail fdi would give priority to housing sector as well on his toronto stock exchangelisted realty firm mainstreet he said the company which acquires and rents apartments has assets worth about usd 12 billion and has an annualised revenue of approximately usd 90100 million the company has over 8000 apartments in canada