According to a recent report released by the Urban Land Institute (ULI) and Price water house Coopers (PwC), Indian cities dropped down in the rank in Asia-Pacific Real Estate Investment Destinations, but only comfort is that Bangalore City has been ranked among the top 20 cities.
Read more : Investment destinations in India
According to the report titled as ‘Emerging Trends in Real Estate Asia Pacific 2014’, Bangalore was ranked at 20th position slipping from its 19th position in the previous year, whereas Mumbai was ranked at 23rd place and in the previous was positioned at 20th place. And, Delhi retained its position at 21st place as of the previous year, and interestingly Chennai City had made its entry in the list for the first time and was placed at 22nd position.
This is a severe drop in the rankings when compared to the rankings obtained in 2011, where Mumbai and Delhi were considered among the top five real estate investment destination in Asia Pacific.
The report also revealed that the low rankings are due to the economic concerns in India, depreciation in the value of the rupee in the middle of the year, and investment setup is considered as unfavorable by the foreign investors.
With the low rankings it is likely that the real estate investors would hesitate to invest in India and inactive investors will endure to wait this year.
Read more : Investment destinations in India
According to the report titled as ‘Emerging Trends in Real Estate Asia Pacific 2014’, Bangalore was ranked at 20th position slipping from its 19th position in the previous year, whereas Mumbai was ranked at 23rd place and in the previous was positioned at 20th place. And, Delhi retained its position at 21st place as of the previous year, and interestingly Chennai City had made its entry in the list for the first time and was placed at 22nd position.
This is a severe drop in the rankings when compared to the rankings obtained in 2011, where Mumbai and Delhi were considered among the top five real estate investment destination in Asia Pacific.
The report also revealed that the low rankings are due to the economic concerns in India, depreciation in the value of the rupee in the middle of the year, and investment setup is considered as unfavorable by the foreign investors.
With the low rankings it is likely that the real estate investors would hesitate to invest in India and inactive investors will endure to wait this year.
To read more real estate articles go to official website of Real estate builders Ratings.
No comments:
Post a Comment