Indian realty in resurgent mood says ULI & PwC

Q: Sentiment around Indian real estate among both domestic and international investors has improved in recent times.

Ramneek, Bhiwadi

16th December 2014

Real estate News in Bhiwadi

indian real estate

uli

pwc

asia pacific 2015 report

urban land institute

pricewaterhousecoopers

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Overall in Asia, real estate markets are expected to remain resilient in spite of weakening economic fundamentals throughout 2015, as capital continues to flow into the industry from a variety of investment sources, both domestic and international. Japan remains a favored country for real estate activity, with Tokyo and Osaka ranked first and third, respectively, in terms of investment and development prospects for next year.

Naren M, Bhiwadi

16th December 2014

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In New Delhi, commercial properties have already been witnessing a bounce back on the back of a rise in leasing activities. Bangalore, on the other hand, has seen rents and capital values of business park facilities increasing steadily over the last few years. Some areas, such as the corridor along the Outer Ring Road have been attracting attention among investors.

Mahesh B, Bhiwadi

16th December 2014

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The report said, prices of commercial properties in Mumbai have remained stable, while rentals were showing signs of inching up as local businesses showed interest in rolling out expansion plans. Since occupancy rates were expected to rise, prices/rents are likely to increase too, especially for high-quality and well-located premises.

Naren M, Bhiwadi

16th December 2014

Comment

In this backdrop, the position of surplus liquidity across varied authorities, which is pointed towards real estate, be a sign of well for Indian markets. Additionally, expected developments around the creation of a series of "smart cities" focused on large-scale manufacturing, and the roll out of REITs, if implemented well, are expected to further add to the momentum. The outcome of large volumes in e-commerce is probably to change the demand for large scale logistics and warehousing space.

Mahesh B, Bhiwadi

16th December 2014

Comment

The positive sentiment can be measured by the fact that global real estate funds focused on India are seeking to raise $ 6 billion in new capital, on top of $ 1.6 billion raised in the first 7 months of 2014, and most of this is aimed at residential projects. In addition, there has been a significant rise in interest from large sovereign and foreign institutional players over the course of 2014.

Naren M, Bhiwadi

16th December 2014

Comment

In the 2015 report, Mumbai occupies the 11th position while Delhi and Bangalore have taken up the 14th and 17th positions respectively. In the previous year's report, Delhi was placed at 21st position while Bangalore was at 20th position.

Mahesh B, Bhiwadi

16th December 2014

Comment

Yes, following the election of a new government and also on account of an upturn in consumer demand, says the Emerging Trends in Real Estate Asia Pacific 2015 report, jointly published by the Urban Land Institute (ULI) and PricewaterhouseCoopers (PwC). The rankings of Mumbai, Delhi and Bangalore have improved significantly from those of last year in the list of investment destinations.

Naren M, Bhiwadi

16th December 2014

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