India rise 140% in real estate investments as world third highest e

Bangalore:

Recording more than 140 percent at $ 5 billion in 2014, the third highest growth in investment volume, India seems to be at the top of global real estate investors priority list with the nation, where as 2.1 billion in 2013.

Cushman & Wake field stated that this was the utmost investment levels reached in the last five years that helped India feature amongst the top 20 highest priority investment markets in India.

Whopping 610 percent rise in real estate investments in 2014; Serbia topped the real estate investor’s priority list where as Bulgaria stood at second place clocking 186.5 percent growth in 2014.

Sanjay Dutt, Executive managing Director, South Asia at Cushman and Wakefield said that “the tremendous development in investment volumes in realty markets is proof that investors are now carrying on their expectations of improvements in the palliate of doing business in India upheld by administrative changes to be executed by the Prime Minister Narendra Modi drove Government”.

In 2014, the residential sector received about $2.6 billion, the highest investment where as the office sector followed closely at about $2 billion. Of the total investment volume, domestic investors put in about $3.12 billion, enlisting a 62 percent development and foreign investors at $ 1.93 billion with a 38 ascent in speculation.  

In real estate, corporate investment also witnessed a sharp rise of more than 280 percent at $2.55 billion in 2014 compared to $900 million in 2013. But, for the first time in five years the global real estate investments fell in 2015 dropping 6.3 percent to $ 1.21 trillion.

The report said that “this turn down in activity can be only accredited to a plunge in Chinese land purchasing, but, many of the market places is in rude health and set to improve further still in 2015”.

The property consultancy, Cushman and Wakefield predicts global investment volumes to rise by 11 percent in 2015 to $1.34 trillion, led by US and Europe.