India is at the 19th position among 73 countries in terms of attracting cross-border capital into their respective property markets last year, with inflows touching USD 2.6 billion. The bulk of the inflows came from the US, Canada and Singapore. With USD 2.6 billion of cross-border capital inflows (excluding development sites), India ranks ahead of its Asia Pacific regional counterparts like Malaysia, Thailand, Indonesia, Vietnam and Philippines, which collectively attracted lesser capital flows compared to India. Compared to 86 per cent share in 2016, United States, Canada and Singapore collectively contributed to 84 per cent of capital inflows to Indian property followed by United Kingdom, United Arab Emirates and Hong Kong in 2017. The changes in business environment brought by landmark reforms like the RERA and the GST as well as the government’s focus on affordable housing infused confidence among the stakeholders of the Indian property market.

(Financial Express)