This Year, Investment In Indian Real Estate Increased By Nearly 9 Percent To Rs 43,780 Crore.

December 20, 2019December 20, 2019

Read Time:1 Minute, 13 Second

New Delhi Since January this year, investment in the Indian real estate sector has risen nearly nine per cent to Rs 43,780 crore. Global property consultancy firm Colliers estimated this. According to the Colliers report, office property alone accounted for 46 percent, ie Rs 19,900 crore, of the total investment in the real estate sector this year.

The report said, “India’s investment in real estate sector increased 8.7 percent to $ 620 million (about Rs 43,780 crore) during 2019 compared to 2018.” The most interesting aspect of the matter is that the investment in the domestic real estate sector this year was around 78 per cent, which is the highest level ever.

Colliers has estimated that investment in the Indian real estate sector will grow to Rs 46,170 crore during 2020. Saanki Prasad, MD and chairman of Colliers International India, said, “We advise investors to consider all such properties, including office properties under construction, which may be in great demand in markets related to the IT sector. Cities like Bengaluru, Hyderabad and Puno are giving tremendous opportunities to investors

Bengaluru overtakes Delhi

This year, Bangalore has moved to second place after Mumbai, beating Delhi-NCR (National Capital Region) in terms of attracting investment in the real estate sector. An investment of Rs 4,650 crore was made in Bengaluru during this period. Mumbai’s real estate sector has the highest 25 percent investment this year.