Mumbai, Bangalore, Delhi on the bottom of investment destination list
A report by PricewaterhouseCoopers and Urban Land Institute stated that cities like Mumbai, Bangalore and Delhi have seen less desire by international bodies in real estate sector for investment purpose.
In 2012, Mumbai, Bangalore and Delhi were in 10th, 15th and 12th rank in the report Emerging Trends in Real Estate Asia Pacific which has gradually come down to 9th, 20th and 21st positions in the list of top 22 investment destinations.
The report is based on interviews and responses from executives who are working for investors, banks, investment managers, property developers, realty services firms etc.
Mumbai is overflowing with unsold stocks while Bangalore has stable pricing and reasonable absorption trends. There was a positive light on Delhi and the surrounding National Capital Region real estate market and expecting new developments to come up.
Gautam Mehra, Executive Director at PwC India, said that India is great demographics and also natural, latent demand continue to be redeeming variables. Many micro-markets always produce ideal expenditure opportunities for investors along with end-users.
He is expecting that the approval of FDI bill will show some hope to the dormant retail real estate space.However, the perspective is tempered by simply developing issues among investors that prime assets in key real estate markets have grown to be overpriced.
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Bangalore, FDI bill, investment destinations, new developments, PricewaterhouseCoopers, Property developers, Real Estate Asia Pacific, Real-estate market, Realty market, Realty News, Urban Land Institute
[...] Mumbai, Bangalore, Delhi on the bottom of investment destination list [...]
[...] Mumbai, Bangalore, Delhi on the bottom of investment destination list [...]