Quotes, views on Indian property market

SINGAPORE (Reuters) - The following are notable quotes about India's booming property market from executives attending the Reuters Real Estate Summit in Singapore, London and New York on June 25-27:

SEEK NGEE HUAT, PRESIDENT FOR GIC REAL ESTATE PTE LTD.

"We are trying to invest in India as well, but relatively small at the moment. "We only pick the markets where we can do significant deals and India certainly has huge potential."

LIEW MUN LEONG, PRESIDENT AND CEO, CAPITALAND (CATL.SI: Quote, Profile, Research, Stock Buzz)

"The market in India is not mature. It's not a stable market. Some form of speculation in India has distorted pricing. If you value land based on the end-product -- based how much you can sell, then you are in trouble."

KURT ROELOFFS, ASIA PACIFIC CHIEF EXECUTIVE FOR RREEF, DEUTSCHE BANK'S (DBKGn.DE: Quote, Profile, Research, Stock Buzz) PROPERTY INVESTMENT ARM

"It's similar to most emerging markets. First there's the residential story -- home ownership -- because of a growing middle class, increasing mortgage finance. That's a very strong story.

"India has a backlog of at least 20 million units. Developers are having problems keeping up with that. We also like the commercial story for outsourcing. It's bringing a lot of office demand to India, mostly happening in suburban nodes. As a result, we're going to see a lot of office demand on that front. More selectively we like the retail story in India.

"We're working with local developers who have established track records. We're looking to team up with them on specific sites. Selectively, we're looking to invest in developers who have large land banks. It's early days in India, we're just going in."  Continued...