Six Indian cities among top 10 realty investment spots in Asia-Pacific

Mumbai, Delhi, Pune, Hyderabad, Bengaluru and Chennai have featured among the top 10 emerging property investment destinations list for Asia-Pacific. A report by Cushman & Wakefield titled ‘Betting on Asia Pacific’s Next Core Cities’ predicts that maximum global investments in 2017 will be in the commercial office assets. Restricted investment opportunities in core markets of Asia-Pacific have driven investors towards secondary and tertiary markets. Asia-pacific is being considered as an attractive investment option for global investors. With an increasing GDP, favourable business and investment policies, India in particular, is considered as one of the most attractive destinations for investment in APAC. The new policy reforms such as RERA, GST and the Benami Transactions Act are creating an environment of transparency and accountability. Additionally, India’s commercial office demand occupies a major chunk of the global office demand. Moreover, the net absorption in top eight Indian cities have continued to remain in the range of 32-35 million sq ft in the last three years even though the share of the IT-BPM sector in office leasing dropped from 65 to 70 per cent to 52 to 55 per cent. All of these factors in totem are responsible for increased confidence in the Indian economy.