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Three Indian cities top investment hubs
By agencies
|
Monday, 07 March 2005, 20:30 IST
NEW DELHI: Mumbai, Bangalore and New Delhi have emerged as the top three investors' choices for real estate investment in 2005, according to Jones Lang LaSalle's annual Investor Sentiment Survey - Asia. The survey also noted that investment interest in the region will continue to be robust this year with more confidence towards the retail and office property markets across the region.
Mumbai and Bangalore topped the list of preferred real estate investment locations in 2005 with a sentiment index of 1.13, followed closely behind by New Delhi (1.17). This can be attributed to India's strong economic performance and its established position as an offshoring destination for many multinational corporations, which has translated into a more robust real estate market environment," says Leslie Chua, Head of Real Estate Intelligence Services - Asia at Jones Lang LaSalle.