This is the top destination for real estate investment in India. It is neither Delhi nor Mumbai
Advertisement
Bengaluru, which is known as the startup hub of India, is now also the best destination for real estate investment in India.
From 2013 to mid 2015, the IT hub saw investment of around 13% of over Rs 44,450 crore from PEs.
As per the global property consultancy Jones Lang LaSalle's (JLL) latest Asia-Pacific City Investment Intensity Index, Bengaluru was among the top-20 destinations globally.
New Delhi was at 34th and Mumbai at 42nd spot.
A JLL report stated that despite being a smaller city than the political and financial capitals of India, it has managed to attract a lot of investment in comparison of its size.
"Real estate investment is generally difficult for foreigners in India, and investors looking to take part in market growth may need to go through routes such as debt deals and joint ventures with local partners. The index advises investors to continue to seek core business park or office investments in Bengaluru," said Anuj Puri, chairman and country head at JLL India.
Foreign investors showed interest in leased office assets like IT parks and IT-SEZs.
Many firms have invested over Rs 100 crore at the Electronic City in Bengaluru.
Industry experts point out that the residential and commercial markets in Bengaluru were more vibrant and mature than any other Indian city.
Meanwhile, the top five cities in the Asia-Pacific region are Tokyo, Singapore, Seoul, Sydney and Hong Kong.
Advertisement
From 2013 to mid 2015, the IT hub saw investment of around 13% of over Rs 44,450 crore from PEs.
As per the global property consultancy Jones Lang LaSalle's (JLL) latest Asia-Pacific City Investment Intensity Index, Bengaluru was among the top-20 destinations globally.
New Delhi was at 34th and Mumbai at 42nd spot.
A JLL report stated that despite being a smaller city than the political and financial capitals of India, it has managed to attract a lot of investment in comparison of its size.
Advertisement
Foreign investors showed interest in leased office assets like IT parks and IT-SEZs.
Many firms have invested over Rs 100 crore at the Electronic City in Bengaluru.
Industry experts point out that the residential and commercial markets in Bengaluru were more vibrant and mature than any other Indian city.
Meanwhile, the top five cities in the Asia-Pacific region are Tokyo, Singapore, Seoul, Sydney and Hong Kong.
Advertisement
(Image: Reuters)Advertisement
- A centenarian who starts her day with gentle exercise and loves walks shares 5 longevity tips, including staying single
- A couple accidentally shipped their cat in an Amazon return package. It arrived safely 6 days later, hundreds of miles away.
- Colon cancer rates are rising in young people. If you have two symptoms you should get a colonoscopy, a GI oncologist says.
- Having an regional accent can be bad for your interviews, especially an Indian one: study
- Dirty laundry? Major clothing companies like Zara and H&M under scrutiny for allegedly fuelling deforestation in Brazil
- 5 Best places to visit near Darjeeling
- Climate change could become main driver of biodiversity decline by mid-century: Study
- RBI initiates transition plan: Small finance banks to ascend to universal banking status
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market