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

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    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.

    Story first published: Friday, December 22, 2017, 15:33 [IST]
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