Bengaluru among top Asian cities for real estate investors

First time for Indian city in the top 10 preferred destinations for cross-border investments, says CBRE

Night over Bengaluru (Bangalore), India. Stories of Kabeera/Shutterstock

Bangalore has vaulted into the top 10 destinations for cross-border investors for the first time since CBRE began its Asia Pacific Investor Intentions Survey.

“Bengaluru featured as the first Indian city in the list of preferred investment destination on the basis of its growing reputation across the globe as the home base to several international corporates,” said Anshuman Magazine, chairman and CEO for India, South East Asia, Middle East and Africa at CBRE.

“The city with a significant talent base and world-class infrastructure is also popular for offering several investment grade options in office, retail as well as residential segments.”

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Stronger interest in India overall can be chalked up to the launch of the first Indian REITs and the resulting enhanced market transparency, CBRE explained in the survey.

Embassy Group and Blackstone Group LP deployed India’s first REIT in March, with market observers expecting it to catalyse investments in the country.

“A stronger interest in office properties followed by industrial & logistics, multifamily, hotels and retail were the preferred sectors of investment in APAC. There is significant scope for investment in India and the rising consumption and growing demand in the logistics sector, particularly, will continue to stimulate investors to seek opportunities in this market,” Anshuman said.

India ranks among the top five preferred markets for cross-border investment, trailing China, Australia and Japan, in that order, and surpassing Hong Kong, according to CBRE.

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