Investment in Indian realty reach $6 bn in 2019: CBRE
Investments into the Indian real estate sector surged 27 percent ...
Investments into the Indian real estate sector surged 27 percent in 2019 to $6.06 billion, according to a CBRE report. In 2018, the sector had received a total investment of around $4.76 billion. The investment activity in all the key segments was led mostly by foreign players who contributed to the tune of 65 per cent, said the report.
According to the report, the investment activities were dominated by office sector and development sites or land, with each commanding around 40 per cent inflow of funds. It was followed by 11 per cent investment in hotels.
The investment in development sites and lands in 2019 saw a 5 per cent increase as compared to 2018. Anshuman Magazine, Chairman and CEO, India, South East Asia, Middle East and Africa, CBRE, said: “The healthy investment activity in the real estate sector is a testimony of its performance and resilience. With the industry becoming more organised, transparent, and profitable, it will continue to attract investments from global as well as domestic players.”
The report said that Mumbai, National Capital Region (NCR), Bengaluru and Hyderabad led among the cities in terms of investments.