Lower investments in realty in 2013
According to a report by real estate consultancy Cushman and Wakefield, the sector has received lower investments as compared to previous year. Last year, India was the 10th most invested location in the Asia-Pacific region. The report by the consultancy ‘Investment Market Beat-2013’showed that the APAC region received a record $487 billion in the real estate sector. As per the report, China is reported to have received the highest volume of investments of $358 billion, followed by Japan with $44.6 billion. In India, investment in the office space saw a fall of 77 per cent at $247 million while investments in land suffered a decline of 61 per cent to $838 million. Sanjay Dutt, Executive Managing Director, South Asia says the economy and the sector are likely to show improvements by 2015.
APAC, consultancy, Cushman & Wakefield, Economy, Investments, Real Estate Sector, Realty News, reports Source: The Hindu Business Line, South Asia
