As per the report of Cushman & Wakefield, six major cities of India in the year ended June 2017 has experienced double investment (USD 2.87 billion) in the real estate field, in which Mumbai hold the highest capital and was positioned on 81st rank globally. With this investment growth the chances for second home purchase has increased.
According to the real estate experts, India received USD 2.87 billion through real estate investment in 6 big cities - Mumbai, Bangalore, Pune, Delhi NCR, Chennai and Hyderabad - which was more than expectations. All these six cities were able to magnetize investment as a result of their well-built economic drivers, acceleration in reforms, high yields and swiftly modernizing business base. Affordable housing has leg up after the manifold changes seen in this sector.
This time Mumbai acquired the real estate investment worth USD 1,749 million, positioning it on 81st position in global survey ranking cities by their success at attracting capital. Even if in the last year Mumbai was ranked on the 149th position out of 400 cities worldwide.
North America has its biggest share of 55 percent in total investment received by these six cities of India and Funds from Europe supplied about 14 percent, even as domestic and regional sources saw a decline in the share of funds invested in India. Even these changes have come up as brighten part for the unsold property and now each builder is facilitating themselves by selling them.
As stated by Country Head & Managing Director of Cushman & Wakefield - existing economic drivers are influenced towards urbanized markets, but Indian cities are extremely doing well and are undoubtedly offering superior medium to long-term growth prospects in the realty sector.
He also added that - even if the established markets of Mumbai, Bangalore, and Delhi NCR have gained the larger share of capital investments, regions such as Chennai, Hyderabad, and Pune are also major destinations as a manufacturing hub for automobiles, engineering goods, & pharmaceutical products, etc.
India’s current economic growth and political relations & stability have been helpful in generating opportune investment environment, as well as positive reformations in the legislative environment has ensured that the invested capital is secured.
According to the different reports, Mumbai was positioned number one by growth in the middle of the gateways cities with a 194 percent increase from the last year. Only Pune beats Mumbai in terms of investment growth with 285 percent.
According to a report which analysis over 400 locations worldwide also puts Bangalore at 161 positions with the total real estate investment value of USD 461 million.
According to Cushman & Wakefield, Global Real Estate Investment Market saw volumes rise 4 percent annually to USD 1.5 trillion till the ending of June 2017. The growth compared to the last 12 months reflects improving response in 2017.