Bangalore was successful in retaining its 10th rank in the category of most favoured real estate investment destinations in the Asia pacific region. Pricewaterhousecoopers (PwC) and Urban Land Institute in its study has ranked the city as tenth in the same category last year too. According to the report Bangalore’s’ organic, growth driven market and its markets’ ability to buck mega trends has helped the city retain the position on the list.
The survey includes advices and recommendations from over 360 internationally known real estate professionals which include investors, developers, lenders, consultants, brokers and property company representatives. Due to rising inflationary and economic pressures Mumbai and Delhi fell from their positions from third and fifth to fifteenth and twelfth position respectively. According to the researchers in Delhi inflation has continued to increase the costs in the city and due to it developing in the capital city is not economically feasible. The problems with funding provide an opportunity for private equity investments.
According to Mr. Jai Mavani, Leader of Infrastructural and Real estate, PwC India even in 2009 when the real estate markets were bottoming in India, there were huge demands at every price correction. So there is a hidden demand which cannot be foreseen unless there are certain regulatory processes and improval in the liquidity and interest rates.
The survey includes advices and recommendations from over 360 internationally known real estate professionals which include investors, developers, lenders, consultants, brokers and property company representatives. Due to rising inflationary and economic pressures Mumbai and Delhi fell from their positions from third and fifth to fifteenth and twelfth position respectively. According to the researchers in Delhi inflation has continued to increase the costs in the city and due to it developing in the capital city is not economically feasible. The problems with funding provide an opportunity for private equity investments.
According to Mr. Jai Mavani, Leader of Infrastructural and Real estate, PwC India even in 2009 when the real estate markets were bottoming in India, there were huge demands at every price correction. So there is a hidden demand which cannot be foreseen unless there are certain regulatory processes and improval in the liquidity and interest rates.
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