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The Indian real estate market saw an investment of USD 2.87 billion in the top six cities including Mumbai, Bangalore, Pune, Delhi NCR, Chennai, and Hyderabad. This signifies an increase of 100%, stated property consultant Cushman & Wakefield.
The report attributed the increase in investment to strong economic drivers, acceleration in reforms, high yields, and rapidly modernising business base.
Mumbai saw the highest real estate investments of USD 1.74 billion from July, 2016 to June 30, 2017. The city saw an increase of 194% in investments from the previous year.
In terms of investment growth Pune saw an increase of 285%, while Bangalore saw total real estate investment volumes of USD 461 million.
The globally property investment market saw an increase in volumes of just 4% year-on-year to USD 1.5 trillion, ending for the period of June 2017.
The survey was conducted over 400 global locations by property consultant Cushman & Wakefield. The report also revealed that nearly 55% of the investments in the Indian real estate market came in from North America, while 14% investments came from Europe.
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