Institutional Investments in Indian real estate to increase by 14.6% : Reports

-


According to reports by Colliers International India, Intuitional investment in Indian real estate will grow by 14.6% to Rs 396 billion in 2021 from Rs 346 billion from the last year 2020. The Intuitional investments in the year 2020 had witnessed a drop of 23% from 2019.

Piyush Gupta, managing director, Capital Markets & Investment Services (India) of the company said "The investment climate in India is very buoyant with global investors’ interest in real assets getting stronger. With global interest rates at historic lows and positive net yields in India, the country has emerged among the preferred destinations for investments in real estate,".

Between 2018 and 2020 time duration commercial office assets accounted for over 55% of total Indian real estate inflow and an average annual supply of 35 million sq. ft entered the top six Indian cities ie. Bengaluru, Chennai, Delhi NCR, Hyderabad, Mumbai, and Pune, with the majority being snapped up by institutional investors.

Even though a similar level of supply is set to enter the market, some investment firms are increasingly looking towards developing their greenfield office assets. Investors remain bullish on the long-term prospects even as they target an internal rate of return (IRR) of about 17-18%.

About Us:-

Epoch India Advisors is a leading real estate consultancy & advisory firm offering highly curated services related to corporate leasing solutions, project marketing, real estate event & digital strategy.

Follow & connect with us on Twitter, Facebook, Linkedin, Instagram & Youtube.

Comments

Post a Comment

Popular posts from this blog

Home loan rates cut by key lender to push housing sale

-
Image
Home loan interest rate record low level as leading financiers including the State Bank of India (SBI), Housing Development Finance Corporation (HDFC), ICICI Bank, and Kotak Mahindra Bank are expected to boost the current housing sales momentum further. HDFC the countries largest private mortgage lender reduced the interest rate on its home loan to 6.75% from 6.8%. The reduction in rates was done just after the State Bank of India and Kotak Mahindra Bank announced rate cuts. Pritam Chivukula, Secretary, CREDAI-MCHI, and Co-Founder, said “The benign interest rates environment will continue for some time and it is unlikely that interest rates will fall further from the current levels. For the next few days, the buyers can swoop in on good deals on the back of rock-bottom interest rates on home loans, stamp duty relaxation, offers, and the availability of choices from good developers. We can already see that the demand for residential properties has picked up now as people are beginning t...
Read more

Amazon, Flipkart lease 1.1 million sq ft warehousing space from Xander

-
Image
Two top E-commerce players in India, Amazon India, and Walmart lnc owned Flipkart has leased around 1.1 million square feet of warehousing space in Mumbai Metropolitan Region from Xander Group for a tenure of 20 years. Xander Investment Management (XIM) Singapore-based firm had contacted these warehousing facilities in December 2019 for more than Rs 300 crore in the Bhiwandi micro-market, one of the largest warehousing hub in Asia. One of the person said that “Flipkart and Amazon have separately entered into a long-term lease with Xander. The tenure of this is for a period beyond 20 years. They have individually leased an area of around 5-6 lakh sq ft each,” Flipkart has already occupied around 80% of its area and is expected to occupy the balance in the upcoming 4 months. When it comes it its counterpart Amazon it has occupied around 60% area and the balance is likely to be operationalized in April this year. Amazon spokesperson said, “At Amazon, we are committed to invest in our fulf...
Read more

BMC collects Rs 415 crore property tax in 1 day

-
Image
BMC (Brihanmumbai Municipal Corporation) is trying hard to meet its target for collecting property tax before the end of the financial year. On Monday the BMC collected Rs 415 crore of outstanding property tax due in a single day. With this collection, the BMC’s total tax collection from property tax has reached over Rs 3500 crore. The civic body has been continuously collecting over Rs 100 crore per day right from starting of February month and in March the BMC has already collected around 1,100 crores from property tax defaulters. The municipal corporation has a total outstanding property tax of close to Rs 20,000 crore, and for this purposed the civic body has not only begun attaching the property of defaulters but has also begun auctioning properties. The civic body is facing a severe cash crunch this year owing to the Covid-19 pandemic and slew of discounts to builders and contractors. It was said by the officials that the previous target of 20,000 crore was revised due to pandemi...
Read more