Foreign investment in Indian realty crosses $7 billion; Mumbai tops chart
Domestic investment was a large part of investments in Indian real estate up till 2013. Foreign investments have now surged over 100% in the past couple of years.
Key Highlights
- Foreign investment in India reached $7.6 billion in 2014-16 period.
- Among the emerging markets (EM) India grabbed the highest interest of investors.
- Mumbai attracted nearly 39% of capital flow.
Indian real estate recorded over 100% increase in foreign investment in the country in a matter of two years, the Active Capital report by Knight Frank said on Thursday.
Foreign investment in India reached $7.6 billion in 2014-16 period, the residential and commercial estate agency report said.
“Foreign investments in Indian realty rocketed from $3.2 billion during 2011-13 to $7.6 billion during 2014-16 recording a staggering surge of 137%,” the report read.
Among the emerging markets (EM) India grabbed the highest interest of investors.
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“India, among all other EMs has attracted the highest interest of global investors on account of a stable government and implementation of path breaking reforms such as the Goods and Services Tax (GST) that would formalize the economy,” Dr. Samantak Das, Chief Economist and National Director, Research, Knight Frank India, said.
Image Source: Knight Frank report
Mumbai was the hot favourite of the foreign investors that attracted nearly 39% of capital flow.
“Mumbai, the financial capital of India attracted the biggest pie of foreign investments in 2016, accounting for at least 39% of capital flow in the Indian reality followed by rest of India which accounted for a share of 32%,” the report added.
Image Source: Knight Frank report
“India’s Silicon Valley Bengaluru (11%) topped the chart among other metros followed by Chennai (10%) and Delhi (4%),” Knight Frank report read.
On a global scale the report said that US attracted the highest share of investors.
“Accounting for more than 40% of the investments, the US held the largest share of foreign investors followed by Canada (18%) and Singapore (17%),” the report added.
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