Millennium Post

India now 1 of world’s top 20 realty investment spots

Investments in Indian real estate last year jumped more than two-fold to over $5 billion, helping the country figure in the list of world's top 20 property destinations, according to consultant Cushman & wakefield.

"India is amongst the top 20 real estate investment destinations for 2014 with total of $5,000 million," global property consultant Cushman & Wakefield said in a statement.

India at the 20th rank recorded the third highest growth in investments, with an increase of over 140 per cent in total investment volumes in 2014 at $5,050 million against $2,100 million in the previous year. Of the total investment volume, the domestic investments were recorded at $ 3,120 million (62 per cent) and foreign at $1,930 million (38 per cent).

"The Indian real estate investment scenario saw a high point in 2014 reaching highest investment levels in the last five years," C&W said in its report 'International Investment Atlas 2015'.

However, the consultant, said the global real estate investments fell in 2014 for the first time in five years, dropping 6.3 per cent to $1.21 trillion.

"By activity, the USA has moved back to the top for the first time since 2009, with volumes rising 16.2 per cent to $390.6 billion, 16 per cent ahead of China. These two of course dominate global activity with a combined 60 per cent market share," the report said. Out of total investment
volumes in Indian real estate, corporate investments increased sharply at $2,550 million in 2014 against $900 million in 2013.

India Inc signs $5-billion M&A deals in Jan-Feb

Corporate India announced mergers and acquisitions worth $2.7 billion through 40 deals in February taking the total tally in the first two months this year to nearly $5 billion, says a report.

According to assurance, tax and advisory firm Grant Thornton, there were 40 deals worth $2.7 billion in February this year, while in the same month last year there were 50 transactions worth $1.73 billion.
Next Story
Share it