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    India to witness $4.2 billion investment in realty sector this year, says report

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    realty sector
    India to attract 4.2 billion investment in realty sector

    As India’s attractiveness as a global investment destination has strengthened, the country is expected to witness nearly $4.2 billion new capital in the realty sector in 2017, says Cushman & Wakefield.  According to a report titled ‘The Great Wall of Money’ by the global consultant, new capital available for global real estate investment in 2017 is estimated at $435 billion.  The report states that the total global wall of money in 2017 has fallen by 2 per cent compared to 2016’s peak of $443 billion, but is the second highest figure recorded since 2009.  The country saw its best year in 2016 with private equity investments the highest in 9 years.  India’s office space provides great promise in global investments.  Further, the core office markets in India provide stronger rental returns as well as easier exit options as against other sectors, the report says.  The report mentioned that in Asia Pacific, which accounts for 30 per cent of the global volume, China, Japan, Australia and Hong Kong ranked in the top 10 target investment destinations globally, with Singapore and India a few spots behind at 12 and 15, respectively.  The growing investment interest in Asia Pacific reflects the maturity and growth of opportunities across the region as well as the prospects for attractive returns, the report stated.

    Source: economictimes.indiatimes.com

    Image source: www.rediff.com

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