Published on 21/03/2017 10:34:49 AM | Source: Dion Global Solutions Ltd.
India to attract $4.2 bn capital in realty sector: Reports
A Cushman & Wakefield report has said that with India emerging as a preferred investment destination, the country is expected to witness nearly USD 4.2 billion new capital in the realty sector in 2017. According to a report titled 'The Great Wall of Money' by the global consultant, new capital available for global real estate investment in 2017 is estimated at USD 435 billion, out of which India is expected to get nearly USD 4.2 billion. According to the report, the total global wall of money in 2017 has fallen by 2 per cent compared to 2016's peak of USD 443 billion, but is the second highest figure recorded since 2009.
Commenting on the issue, Cushman & Wakefield Managing Director, India Anshul Jain told the media, "India's attractiveness as a global investment destination has strengthened on account of the country's political will to attract and protect investment growths. India's inclusion in the top investment destination is a testament of this confidence." "Globally too, funds are revising their strategies to concentrate on specific growth circles. India's office space provides great promise in this direction. Further, the core office markets in India provide stronger rental returns as well as easier exit options as against other sectors," he added.