Investment in real estate up 9% at Rs 43,780 cr in 2019, led by foreign funds: Report

Date posted: Friday 20 December 2019

Investment in Indian real estate sector is estimated to have increased by 9 per cent to Rs 43,780 crore during this calendar year on higher inflow from foreign funds, according to global property consultant Colliers. Office properties attracted 46 per cent of the total inflow and received nearly Rs 20,000 crore this year. Foreign funds accounted for about 78 per cent of the total investments in 2019- the highest share ever. During 2020, Colliers projects inflows of USD 6.5 billion (Rs 46,170 crore) into the real estate sector. “We recommend investors to look at opportunistic assets including under-construction office assets, supported by strong demand dynamics in information technology (IT)-led markets such as Bengaluru, Hyderabad and Pune, offering ample opportunities to investors” said Sankey Prasad, managing director and chairman at Colliers International India. Colliers expect investments in the residential segment to remain soft during 2020, as liquidity concerns in non-banking financial companies (NBFCs) remain.

(Economic Times)

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