Other than building properties in developed markets that appeal to wealthy Chinese, domestic developers have shown interest in housing projects in India
This emerged during a meeting of Sweden Minister of European Union Affairs and Trade Ann Linde and Union minister M Venkaiah Naidu here today.
Core assets will continue to witness strong interest but there will be enhanced development interest in office, warehousing and retail sectors too with several players expected to launch ‘affordable housing’ platforms
Not getting possession of a flat you have purchased is a common problem in India.
Construction is often held up by delays in government approvals, and disputes over land ownership, and developers struggle to stay afloat as a result.
Indians have emerged the top foreign property investors in Dubai, spending over USD 3.2 billion last year alone, according to the Dubai Land Department.
Indian commercial real estate is poised to witness a lot of interest from investors in the year 2017. The market is expected to see inflow of investments as Real Estate Investment Trusts (REITs) finally enters its implementation phase, said a CARE Ratings report.
Growth momentum in office absorption, witnessed over the last two years, is expected to continue in 2017 too. India’s top 8 property markets are likely to witness 10% surge in office space net absorption in 2017 to 32.5 million sq ft, the highest level seen over the last six years, said a Cushman & Wakefield report.
Quoting data from Real Capital Analytics (RCA), a commercial property transactions tracker, Colliers said that for Q3 2016, the total investment volume dropped by 82% to $192 million.
Prices of residential sites in Asia increased by 1.9% in the first half of 2016, down from 2.8% in the preceding six months, put office land increased from 1.9% to 2.2%.
Overall development land investment volumes in Asia matched the level registered in the corresponding period last year, according to the Prime Asia Development Land Index from international real estate firm Knight Frank.
As compared to the preceding six months, however, they were 40.4% lower and the index report explains that land markets tend to be more active in the second half of the year, which accounts for 60% of the transactions historically.
India will soon have the second highest number of green buildings in a country globally at 57% by 2018, rising from 37% at present, just behind South Africa at 61%, says a new study.