Realty investments in India dip 65% in 2013
In 2012, Indian realty had received investments of $3.4 billion; then, too,it was 10th in the region
Apr 05, 2014
Source : Business Standard


MUMBAI: In 2013, investments in India’s real estate sector fell 65 per cent to $1.2 billion, making the country the 10th most invested region in Asia-Pacific, according to a report by real estate consultant Cushman & Wakefield. In 2012, Indian realty had received investments of $3.4 billion; then, too, it was 10th in the region.

The sector in Asia-Pacific received investments of $487 billion. China recorded the highest investments at $358 billion, followed by Japan ($44.6 billion), the report, Investment Market Beat  2013, said. In India, investment in land fell 61 per cent in 2013, while the office space saw a 77 per cent dip, compared to 2012. Sanjay Dutt, executive managing director (South Asia), Cushman & Wakefield, said, “Investors have adopted a poignant pause, owing to concern on the Indian real estate market environment, as India is at a political cusp, with general elections round the corner… The decline in investment is, however, not indicative of the sentiment investors have of India, as it continues to show promise as a key market in Asia-Pacific. We expect the economy in general and investment markets in particular to start seeing remarkable improvements by 2015.”

Latest Realty News

Prime Residential Development Land Index for Mumbai witnesses 35.2% increase
Apr 05, 2014
MUMBAI: In the last two years, the Prime Residential Development Land Index for Mumbai has witnessed an appreciation of 35.2%.
Murder accused lynched
Apr 05, 2014
KOLKATA: A real estate agent operating from Sodepur area was murdered by two miscreants near his house on Tuesday night.
Brookefield Asset Management eyes 100% stake in Unitech Corporate Parks
Apr 05, 2014
DELHI: Canadian asset management firm Brookefield Asset Management is seeking to acquire 100% stake in Unitech Corporate Parks, a London Stock Exchange-listed India-focussed real estate investment firm.
Maintain status quo says HC on construction near Jama Masjid
Apr 05, 2014
DELHI: The Delhi High Court today ordered that status quo be maintained in connection with alleged illegal constructions close to Jama Masjid here.
Home, tweet home
Apr 05, 2014
MUMBAI: It’s a simple case of necessity giving birth to invention. Back in 2012, when Pankhuri Shrivastava was a fellow of Teach For India, a non-profit organisation, she experienced firsthand the many challenges of living in Mumbai. It was tough to rent a house without paying high brokerages and even tougher to find like-minded flatmates.
Overseas investors are bullish on India: I-Pru chief
Apr 05, 2014
MUMBAI: Investor-centric focus and investment performance have catapulted ICICI Prudential Asset Management Company to the number two position behind HDFC Mutual Fund. ICICI Prudential currently has an asset base of over ?1 lakh crore.
Subrata Roy seeks modification of SC order for his release
Apr 05, 2014
DELHI: Sahara chief Subrata Roy Thursday sought modification of the Supreme Court's March 26 order setting a condition of depositing Rs.10,000 crore, as a part payment of the investors' money that the group's two companies had collected, for his release from judicial custody.
Nifty hits over one-week low
Apr 05, 2014
MUMBAI: Key benchmark indices edged lower as investors turned cautious ahead of beginning of the 9-phase Lok Sabha elections on Monday, 7 April 2014. The barometer index, the S&P BSE Sensex hit lowest closing level in one week. The 50-unit CNX Nifty hit over one-week low. The Sensex was down 149.57 points or 0.66%, off close to 165 points from the day's high and about 20 points from the day's low. The market breadth, indicating the overall health of the market, was positive.
Realty shares in demand
Apr 05, 2014
MUMBAI: Shares of real estate companies are in demand and rallied up to 16% on back of heavy volumes in otherwise weak market on the Bombay Stock Exchange (BSE).
Brookfield to buy Unitech Corporate Park subsidiary
Apr 05, 2014
MUMBAI: Canada-based global real estate giant Brookfield has offered to acquire Candor Investments, a fully-owned Unitech Corporate Parks (UCP) Plc subsidiary that owns stakes in real estate projects in the National Capital Region (NCR) and Kolkata.

Latest Realty News Of State

Realty Talk's