Indian Real Estate to See $7 Billion Investment in 2017
Indian real estate is expected to see $7 billion investment this year which is likely to be a revival in the sector, according to property consultant CBRE.
“The year 2017 to witness about $7 billion of investments; expected to hit the magic $10 billion by 2020,” CBRE said in a report – Asia Pacific Real Estate Market Outlook 2017 – India. India continues to hold its position as the world’s fastest growing G-20 economy, on the back of improved investor confidence and better policy reforms, it added.
“With 2016 being the year of landmark decisions for the Indian real estate industry, the sector saw concerted efforts by the government to bring in transparency as well as boost consumer sentiment in the sector, especially in the residential market,” CBRE Chairman, India and South East Asia, Anshuman Magazine said. The outlook for the year 2017 is positive with an expectancy of steady growth, stability and revival in the market, he added.
“With 2016 being the year of landmark decisions for the Indian real estate industry, the sector saw concerted efforts by the government to bring in transparency as well as boost consumer sentiment in the sector, especially in the residential market,” CBRE Chairman, India and South East Asia, Anshuman Magazine said. The outlook for the year 2017 is positive with an expectancy of steady growth, stability and revival in the market, he added.”With 2016 being the year of landmark decisions for the Indian real estate industry, the sector saw concerted efforts by the government to bring in transparency as well as boost consumer sentiment in the sector, especially in the residential market,” CBRE Chairman, India and South East Asia, Anshuman Magazine said. The outlook for the year 2017 is positive with an expectancy of steady growth, stability and revival in the market, he added.”With 2016 being the year of landmark decisions for the Indian real estate industry, the sector saw concerted efforts by the government to bring in transparency as well as boost consumer sentiment in the sector, especially in the residential market,” CBRE Chairman, India and South East Asia, Anshuman Magazine said. The outlook for the year 2017 is positive with an expectancy of steady growth, stability and revival in the market, he added.
