Mumbai & Delhi Top in International Real Estate Survey

  • 14 years ago
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Overseas property investors considering buying property in India will be heartened by the results based on a survey of 280 international real estate professionals. The survey undertaken by PricewaterhouseCoopers India (PwC) and the Urban Land Institute (ULI) gave India a firm thumbs up for investors with Mumbai and New Delhi showing great potential.

In fact Mumbai and New Delhi have emerged among the top five real estate investment destinations in the Asia Pacific Region The fifth Asia Pacific edition of annual investor survey Emerging Trends in Real Estate is based on the opinions of more than 280 international real estate professionals.

 Ã¢â‚¬Å“India continues to enjoy a significant demographic dividend by virtue of millions of additions to the working population every year. Most of them will translate into first time home buyers. This will continue to stimulate construction activity, particularly for residential units in cities such as Mumbai,” said Jai Mavani, Executive Director, Real Estate and Infrastructure – Tax and Regulatory Practice, PwC India

It appears that international real estate investors and those returning home are helping the Indian cities rank well in the survey. Mumbai was ranked at third place, two notches higher than its previous position. The development potential for remains vibrant and promising in Mumbai due to buying opportunities in retail, apartment and industrial sectors, according to the report. top locations for India which are a result of overseas buyer interest are:

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