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
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.”
More: Two-thirds of Indian buyers to fight delays in delivery of homes
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.
Recommended
Philippine real estate sees growth in regional markets despite challenges in Metro Manila
Amid pressures, developers and investors are capitalising on a range of opportunities to drive growth in the nation's real estate sector
Bali leads the charge in Indonesia’s rental boom while other regions struggle to keep pace
The rental market is soaring in Bali due to its rich cultural heritage and island charm, while other regions of Indonesia are experiencing less success
Rental markets surge in Asia as digital nomads find new opportunities with visa reforms
As countries in Asia roll out customised visa programmes, rental markets are thriving with the influx of remote workers
China’s hospitality market thrives as developers sell off assets to spark recovery
China’s indebted developers are divesting hospitality assets to generate growth and enhance the outlook of the country’s real estate market