Property Investment Increases By 85% Till September In 2017: Report

Subscribe to GoodReturns
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

    In spite of the sluggish phase in which the Indian property market is reeling, the year 2017 in the first nine months to September registered 85% growth in property investments. As per the research report by Colliers Research, deal size of such investments also grew to $2.6 billion during the period in comparison to $1.4 billion in the corresponding period last year.

    Property Investment Increases By 85% Till September In 2017: Report
     

    "The increase in deal volume is a testimony of the fact that India is a maturing market, with high value creation potential for its investors. Also, it endorses that there is immense growth potential in commercial, industrial and warehousing industry as most of this capital has been employed in these sectors," said Suresh Castellino, Executive National Director, Capital Markets and Investment Services, Colliers International India.

    The report also highlights that performance of India on economical front has been unsatisfactory in comparison to other Asian economies. The report also puts focus on benchmark interest rates which for India are on the higher side in comparison to other nations. After the repo rate cut, benchmark interest rates stand at 6.4%.

    This growth in respect of investment in Indian property market is hence reflective of the country's maturity as an investment destination with potential to provide high value to its investors.

    Goodreturns.in

    Story first published: Friday, December 22, 2017, 15:33 [IST]
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    Get Latest News alerts from Goodreturns

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more