Delhi-NCR Attracts Maximum Real Estate Investment in First Half of 2023
Delhi-NCR received the highest real estate investment, followed by Bengaluru, Hyderabad, Chennai, Pune, and Mumbai.
Real Estate InvestmentDelhincrBengaluruHyderabadChennaiPuneMumbaiIndian Real Estate SectorReraGstCoworking SpacesColiving SpacesReal Estate MumbaiAug 17, 2024
According to a recent report, Delhi-NCR received the highest real estate investment, followed by Bengaluru, Hyderabad, Chennai, Pune, and Mumbai. The report highlights the growing demand for commercial and residential spaces in these cities, driven by factors such as urbanization, infrastructure development, and economic growth.
Bengaluru attracted $509.5 million in real estate investment, while Hyderabad received $319.9 million. Chennai saw an investment of $234.7 million, followed by Pune with $151.7 million and Mumbai with $147 million.
The report attributes the high investment in Delhi-NCR to the region's well-developed infrastructure, connectivity, and the presence of several major industries, including IT, manufacturing, and services. The region's real estate market is expected to continue growing, driven by the increasing demand for office and residential spaces.
The Indian real estate sector has been witnessing a significant transformation in recent years, driven by government initiatives such as the Real Estate (Regulation and Development) Act, 2016 (RERA) and the Goods and Services Tax (GST). These initiatives have improved transparency and accountability in the sector, making it more attractive to investors.
The report also highlights the growing trend of co-working spaces and co-living spaces in Indian cities, driven by the increasing demand from startups, entrepreneurs, and millennials. This trend is expected to continue, driven by the growing demand for flexible and affordable workspaces.
In addition, the report notes that the Indian real estate sector is expected to benefit from the government's initiatives to promote affordable housing and infrastructure development. The government's goal to provide housing for all by 2022 is expected to drive demand for affordable housing, while the development of new infrastructure projects is expected to improve connectivity and accessibility in Indian cities.
Overall, the report highlights the growing potential of the Indian real estate sector, driven by government initiatives, infrastructure development, and demographic changes.
About JLL: JLL is a leading professional services firm that specializes in real estate and investment management. The firm provides a range of services, including investment sales, debt and equity placement, and advisory services.
About Knight Frank: Knight Frank is a leading global real estate consultancy that provides a range of services, including investment sales, debt and equity placement, and advisory services.
Frequently Asked Questions
Which city received the highest real estate investment in the first half of 2023?
Delhi-NCR received the highest real estate investment in the first half of 2023.
What is the total amount of real estate investment received by Bengaluru in the first half of 2023?
$509.5 million
What is the main reason for the high investment in Delhi-NCR?
The region's well-developed infrastructure, connectivity, and the presence of several major industries, including IT, manufacturing, and services.
What is the name of the government initiative that aims to provide housing for all by 2022?
The government's goal to provide housing for all by 2022
Which company specializes in real estate and investment management?
JLL
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