India among top 20 realty investment destinations in world: C&W
Says with total of $5,000 million, India is amongst the top 20 real estate investment destinations for 2014
Mar 12, 2015
Source : Business Standard
Sanjay Dutt, Executive Managing Director, South Asia


New Delhi: Investments in Indian real estate last year jumped more than two-fold to over $5 billion, helping the country figure in the list of world's top 20 property destinations, according to consultant Cushman & Wakefield.

"India is amongst the top 20 real estate investment destinations for 2014 with total of $5,000 million," global property consultant Cushman & Wakefield said in a statement.

India at the 20th rank recorded the third highest growth in investments, with an increase of over 140% in total investment volumes in 2014 at $5,050 million against $2,100 million in the previous year.

Of the total investment volume, the domestic investments were recorded at $3,120 million (62%) and foreign at $1,930 million (38%).

"The Indian real estate investment scenario saw a high point in 2014 reaching highest investment levels in the last five years," C&W said in its report 'International Investment Atlas 2015'.

However, the consultant, said the global real estate investments fell in 2014 for the first time in five years, dropping 6.3% to $1.21 trillion.

"By activity, the USA has moved back to the top for the first time since 2009, with volumes rising 16.2% to $390.6 billion, 16% ahead of China. These two of course dominate global activity with a combined 60% market share," the report said.

Out of total investment volumes in Indian real estate, corporate investments increased sharply at $2,550 million in 2014 against $900 million in 2013.

Private Equity investments too increased to $2,500 million from $1,200 million during the period under review.

Corporate investments transactions include real estate purchases by companies including office or development site assets for end-use, development or investment, C&W said.

"Residential emerged as the sector to receive the highest amount of investment totalling up to $2,600 million while office sector followed closely at approximately $2,000 million," C&W said.

Commenting on the report, C&W Executive Managing Director, South Asia Sanjay Dutt said: "The huge growth in investment volumes in real estate markets in India are proof that investors are already acting out on their expectations of improvements in the ease of doing business in India".

He expects investment volumes to increase even more to match the levels of top 10 global investment destinations.

"Indeed, there is huge longer-term potential if the government addresses supply-side bottlenecks such as poor infrastructure to enhance India's position as a global Iand outsourcing hub, as these could boost private investments (including foreign funds) and ensure all-inclusive growth for the entire population," Dutt said.


Latest Realty News

Mar 12, 2015
PANAJI: CREDAI Goa has requested the Laxmikant Parsekar government to simplify the procedure for approvals
Mar 12, 2015
GUNTUR: Stung by the farmers' protests demanding return of the consent forms, the Capital Region Development Authority (CRDA) got into a fire-fighting mode by hurriedly releasing the lease amount to the supporters of Land Pooling Scheme (LPS)
Mar 12, 2015
NEW DELHI: The East Delhi Municipal Corporation plans to seal 21,000 commercial units over non-payment of conversion charges by April
Mar 12, 2015
MUMBAI: State Bank of India is offering a bonanza to its existing home-loan customers
Mar 12, 2015
Mumbai: The Shiv Sena, which abstained from voting in the Lok Sabha on Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement (Amendment) Bill 2015, indicated party's three MPs in Rajya Sabha will not participate in voting but abstain
Mar 12, 2015
MUMBAI: Realty developer Lodha Group is on a fundraising spree
Mar 11, 2015
Mumbai: The Union Budget 2015 may have disappointed most stakeholders in the real estate sector as the finance minister did not announce any measure to benefit either demand or supply in the sector
Mar 11, 2015
Pune: Major real-estate players in Pune are resorting to home festival bonanza with discounts and gifts for buyers
Mar 11, 2015
Mumbai: If real estate investment trusts (Reits) do not become a viable option in the country in a year or two, say investment bankers and tax experts, property developers are likely to explore an initial public offer (IPO) here or floating of business trusts in Singapore
Mar 11, 2015
MYSURU: The heritage city will strive to free itself from slums so its brand value is enhanced

Latest Realty News Of State

Realty Talk's