Cushman & Wakefield says "With India emerging as a preferred investment destination, the country is expected to witness nearly $4.2 billion new capital in the realty sector in 2017."
According to the reports 'The Great Wall of Money' by the global consultant, new capital available for global real estate investment in 2017 is estimated at $435 billion, out of which India is expected to get nearly $4.2 billion.
The total global wall of money in 2017 has fallen by 2 per cent compared to 2016's peak of $443 billion but is the second highest figure recorded since 2009.
Cushman & Wakefield Managing Director, India Anshul Jain said "India's attractiveness as a global investment destination has strengthened on account of the country's political will to attract and protect investment growths. India's inclusion in the top investment destination is a testament to this confidence."
He added the country saw its best year in 2016 with private equity investments the highest in 9 years. Globally too, funds are revising their strategies to concentrate on specific growth circles. India's office space provides great promise in this direction. Further, the core office markets in India provide stronger rental returns as well as easier exit options as against other sectors.
Jain added "India's strong showing in the rankings is a result of continued policy moves to institutionalise real estate investments in the country with investors acquiring assets in anticipation of the introduction of REITs. Investments in the country s office sector are expected to more than double this year with many of pending major acquisitions."
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