Despite the land grabbing issues, Hyderabad emerged as the top destination for investors in Real estate sector in Asia Pacific Region. Cushman and Wakefield report positioned Hyderabad in top due to growth prospects in commercial office activity.
Five other Indian cities including Bengaluru, Mumbai, Pune, Chennai, Delhi NCR secured sixth to tenth place in the list respectively. The report explored markets that will offer investors the prospect to tap into their long-term growth fundamentals. According to the report investment activity has been robust in Asia Pacific in 2017. Realty investment volume in the region is expected to hit $611 billion this year.
Sr. Director, Research Services Cushman & Wakefield Siddhart Goel reportedly said, “The country is firmly on track to become an economic powerhouse with strengthening GDP, better business environment and investor-friendly policies by the Central Government. Despite concerns about global events such as BREXIT and changing US immigration policies impacting the IT-BPM sector in India, we have seen that other sectors such as BFSI, healthcare, consulting services and various manufacturing industries are increasingly driving demand for commercial spaces”
Global investors are currently well equipped to gain the benefits from Indian real estate. India is expected to continue contributing highly to the total office demand in APAC.