The increasing share of institutional investments in the Indian real estate sector has been a result of technology upgrades and innovative strategies, making it lucrative for occupiers and investors.
Foreign investment in the Indian real estate sector has seen a boom in the last few years. The investment tripled to Rs 140,000 crore during 2014-18, compared to Rs 46,500 crore during 2009-13, says the latest CII-JLL study. The increasing share of institutional investments in the Indian real estate sector has been a result of technology upgrades and innovative strategies, making it lucrative for occupiers and investors. Delhi NCR, Mumbai and Bengaluru remained the top three favourite destinations for the investors, accounting for 74 per cent of the total foreign institutional investment in the Indian real estate sector in the last decade.
“India has gradually transformed into an investment destination of international repute post the global financial crisis and real estate and infrastructure have played a vital role,” said Ramesh Nair, Chairman, CII Realty and Infrastructure Conclave and CEO & Country Head, JLL India. FIIs in tier 2 and 3 cities are likely to come in the coming years, which is driven by the government’s focus on the growth of smaller cities, he added.
Source: Financial Express
