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Gujarat leads in real estate investment in FY13
Real Estate

Gujarat leads in real estate investment in FY13

According to a study conducted by the industry body ASSOCHAM, of the total new investments in the real estate sector across India during 2012-13, investment in Gujarat accounted for about 41 percent.

The study also observes that during the year, investment in the sector across the country declined to just over Rs 42,000 crore from over Rs 92,600 crore in 2011-12.

However, real estate investment in Gujarat rose over 700 percent as the state attracted investments worth over Rs 17,000 crore as of March 2013 from just over Rs 2,000 crore a year ago.

This is despite the fact that most of the states have seen a decline in attracting new investments in the realty sector.

Kerala is another state which has seen massive growth of over 550 percent in attracting new investments in real estate followed by Uttarakhand (400 percent) and Rajasthan (175 percent).

While almost rest of the states have seen a drop of over 50 percent in new investments in the realty sector during the aforesaid period.

Besides Gujarat, the states with maximum share of real estate investment are Maharashtra (over 17 percent), Karnataka (10 percent), Tamil Nadu (8 percent) and Uttar Pradesh (over 6 percent).

According to a study conducted by the industry body ASSOCHAM, of the total new investments in the real estate sector across India during 2012-13, investment in Gujarat accounted for about 41 percent. The study also observes that during the year, investment in the sector across the country declined to just over Rs 42,000 crore from over Rs 92,600 crore in 2011-12. However, real estate investment in Gujarat rose over 700 percent as the state attracted investments worth over Rs 17,000 crore as of March 2013 from just over Rs 2,000 crore a year ago. This is despite the fact that most of the states have seen a decline in attracting new investments in the realty sector. Kerala is another state which has seen massive growth of over 550 percent in attracting new investments in real estate followed by Uttarakhand (400 percent) and Rajasthan (175 percent). While almost rest of the states have seen a drop of over 50 percent in new investments in the realty sector during the aforesaid period. Besides Gujarat, the states with maximum share of real estate investment are Maharashtra (over 17 percent), Karnataka (10 percent), Tamil Nadu (8 percent) and Uttar Pradesh (over 6 percent).

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