Real estate investments may grow by 10% this year: study
Real Estate

Real estate investments may grow by 10% this year: study

About 700 acres of land across eight cities have been acquired for over $1.1 billion during January-June to develop housing, office, retail, logistics and data centre projects, according to a CII-CBRE report.

The Confederation of Indian Industries (CII) and property consultant CBRE India this week released the report ‘Indian realty outlook - demystifying future growth opportunities’ at a real estate conference.

"We are quite optimistic about the real estate sector. But we need to be cautious considering global factors," said Anshuman Magazine, Chairman & Chief Executive, India, South-East Asia, Middle East and Africa, CBRE.

Magazine also highlighted that investments in real estate could grow by 10% this year to reach near the 2019 peak of over $6 billion.

He said all segments of real estate in the 2022 calendar year will perform better than last year, because of higher demand for apartments as well as commercial, data centre and warehousing spaces.

However, Magazine said there is a need for caution in view of rising interest rates, higher commodity prices and possible recession in the US and European economies.

He also pointed out that land prices have risen slightly in many pockets and cautioned that development prices could be impacted if rates rise sharply.

The consultant said that developers are mainly buying land for development of housing projects in view of the strong upcycle that the residential segment is currently witnessing. Institutional players have also been acquiring land for development of commercial and data centres.

In the first half of 2022, investments in real estate grew by 4% year-on-year to $3.4 billion.

Magazine said more Real Estate Investment Trusts (REITs) would get listed on the stock exchanges to monetise rent-yielding office, retail and warehousing assets.

See also:
Macleods Pharmaceuticals' purchases Juhu property for Rs 3.32 billion
Sunteck Realty inks pact for 2.5 million sq ft project in Mira Road


About 700 acres of land across eight cities have been acquired for over $1.1 billion during January-June to develop housing, office, retail, logistics and data centre projects, according to a CII-CBRE report. The Confederation of Indian Industries (CII) and property consultant CBRE India this week released the report ‘Indian realty outlook - demystifying future growth opportunities’ at a real estate conference. We are quite optimistic about the real estate sector. But we need to be cautious considering global factors, said Anshuman Magazine, Chairman & Chief Executive, India, South-East Asia, Middle East and Africa, CBRE. Magazine also highlighted that investments in real estate could grow by 10% this year to reach near the 2019 peak of over $6 billion. He said all segments of real estate in the 2022 calendar year will perform better than last year, because of higher demand for apartments as well as commercial, data centre and warehousing spaces. However, Magazine said there is a need for caution in view of rising interest rates, higher commodity prices and possible recession in the US and European economies. He also pointed out that land prices have risen slightly in many pockets and cautioned that development prices could be impacted if rates rise sharply. The consultant said that developers are mainly buying land for development of housing projects in view of the strong upcycle that the residential segment is currently witnessing. Institutional players have also been acquiring land for development of commercial and data centres. In the first half of 2022, investments in real estate grew by 4% year-on-year to $3.4 billion. Magazine said more Real Estate Investment Trusts (REITs) would get listed on the stock exchanges to monetise rent-yielding office, retail and warehousing assets.See also: Macleods Pharmaceuticals' purchases Juhu property for Rs 3.32 billionSunteck Realty inks pact for 2.5 million sq ft project in Mira Road

Next Story
Real Estate

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

Next Story
Real Estate

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

Next Story
Infrastructure Urban

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement