India to attract $4.2 billion global investment: Report

    India to attract $4.2 billion global investment: Report

    realty sector

    According to Cushman & Wakefield, in 2017, India is expected to witness nearly $4.2 billion new capital in the realty sector as the country is emerging as a preferred investment destination.

    According to a report titled ‘The Great Wall of Money’ by the global consultant, in 2017 new capital available for global real estate investment is estimated at $435 billion, out of which nearly $4.2 billion India is expected to get.

    According to the report in 2017, the total global wall of money compared to 2016’s peak of $443 billion has fallen by 2 per cent, but as recorded in 2009 is the second highest.

    Cushman & Wakefield Managing Director, India Anshul Jain said, “India’s attractiveness as a global investment destination has strengthened on account of the country’s political will to attract and protect investment growths. India’s inclusion in the top investment destination is a testament of this confidence.”

    He said the best year the country saw was in 2016 with private equity investments the highest in 9 years.

    He also added that globally too, funds are revising their strategies to concentrate on specific growth circles and that India’s office space provides great promise in this direction. Further, the core office markets in India provide stronger rental returns as well as easier exit options as against other sectors.

    In a report it was stated that Asia Pacific accounts for 30 per cent of the global volume, with China, Japan, Australia and Hong Kong being the top 10 target investment destinations globally, and a few spots behind at 12 and 15 are Singapore and India, respectively.

    The report stated, the growth in the interest in investment in Asia Pacific reflects the maturity and growth of opportunities across the region as well as the prospects for attractive returns.

    Jain added that India’s strong showing in the rankings is a result of continued policy moves to institutionalise real estate investments in the country with investors acquiring assets in anticipation of the introduction of REITs. Investments in the country’s office sector is expected to more than double this year with many of pending major acquisitions.

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