Home News Top News Capital inflows into Indian realty 10 times higher than outflows in 2017:...

    Capital inflows into Indian realty 10 times higher than outflows in 2017: Report

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    Real Estate

    The changes in business environment brought by landmark reforms like Goods & Services Tax implementation, demonetization and Real Estate (Regulation & Development) Act 2016 (RERA) besides others; coupled with government impetus for housing and an imminent possibility for Real Estate Investment Trusts (REITs) as an asset vehicle has improved the prospects of the Indian property market and ensured retaining investment commitments to the domestic market.

    “The numbers indicate a certain shift in Indian realty’s potential as an attractive investment avenue not only from overseas institutional investors but also from domestic institutions perspective. Policy initiatives in addition to the demand led by favourable demographic is resulting in a robust combination attracting capital and putting India higher on these rankings,” said Shishir Baijal, CMD, Knight Frank India.

    Institutional investors from United States, Canada and Singapore region collectively contributed to 84% of capital inflows to Indian property followed by United Kingdom, United Arab Emirates and Hong Kong.

    Info- https://realty.economictimes

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