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REALTY INVESTMENT IN 6 TOP CITIES DOUBLES TO USD 2.87 BILLION
NEW DELHI: Real estate investment in India's six major cities doubled to USD 2.87 billion in the year ended June 2017 as Mumbai attracted maximum capital and was ranked 81st globally, according to Cushman & Wakefield report.
"India received a total real estate investment of USD 2.87 billion in the six cities - Mumbai, Bengaluru, Pune, Delhi NCR, Chennai and Hyderabad - which was an increase of 100 per cent," the property consultant said.
These six cities were able to attract capital because of strong economic drivers, acceleration in reforms, high yields and rapidly modernising business base.
"Mumbai recorded real estate investments of USD 1,749 million, placing it on 81st position in global survey ranking cities by their success at attracting capital," C&W said.
Mumbai was ranked 149th out of about 400 metros globally in the last year ranking.
Out of the total real estate investment received by six cities, the report said the largest share of over 55 per cent came in from the north America.
News Source- economictimes.indiatimes.com/wealth/real-estate/realty-in...
REALTY INVESTMENT IN 6 TOP CITIES DOUBLES TO USD 2.87 BILLION
NEW DELHI: Real estate investment in India's six major cities doubled to USD 2.87 billion in the year ended June 2017 as Mumbai attracted maximum capital and was ranked 81st globally, according to Cushman & Wakefield report.
"India received a total real estate investment of USD 2.87 billion in the six cities - Mumbai, Bengaluru, Pune, Delhi NCR, Chennai and Hyderabad - which was an increase of 100 per cent," the property consultant said.
These six cities were able to attract capital because of strong economic drivers, acceleration in reforms, high yields and rapidly modernising business base.
"Mumbai recorded real estate investments of USD 1,749 million, placing it on 81st position in global survey ranking cities by their success at attracting capital," C&W said.
Mumbai was ranked 149th out of about 400 metros globally in the last year ranking.
Out of the total real estate investment received by six cities, the report said the largest share of over 55 per cent came in from the north America.
News Source- economictimes.indiatimes.com/wealth/real-estate/realty-in...