~ Ranks an impressive 19th position amongst the 73 countries that attracted cross-border capital into their property market in 2017~
Mumbai, June 29, 2018: Knight Frank, the independent global property consultancy, today launched Active Capital: The 2018 Report. Looking at the shifts in capital flows, the report dives into the sources and destinations of cross-border investments in commercial real estate.
Key India findings of the report:
Table: Source of capital inflows (excluding development sites) in to India
Rank | Source | 2017 Investment Volumes ($) | Share |
1 | United States | 893,454,127 | 34% |
2 | Canada | 746,837,396 | 28% |
3 | Singapore | 571,655,965 | 22% |
4 | United Kingdom | 362,519,460 | 14% |
5 | United Arab Emirates | 48,202,742 | 2% |
6 | Hong Kong | 20,896,118 | 1% |
2,643,565,808 | 100% |
Table: Destination of capital outflows (excluding development sites) from India
Rank | Destination | 2017 Investment Volumes ($) | Share |
1 | Austria | 85,713,778 | 32% |
2 | United States | 76,150,000 | 29% |
3 | Singapore | 49,714,478 | 19% |
4 | United Kingdom | 30,635,678 | 12% |
5 | Portugal | 23,802,096 | 9% |
266,016,030 | 100% |
Table: Cross-border capital flows (excluding development sites) into real estate
2010 – 2013 | 2014 – 2017 | |
Inbound capital (into India) | $ 2.7 bn | $ 8.0 bn |
Outbound capital (from India) | $ 2.5 bn | $ 1.9 bn |
Inbound/Outbound | 1.1 | 4.2 |
Shishir Baijal, Chairman & Managing Director, Knight Frank India, said “Cross-border capital inflows (excluding development sites) to India stood at USD 2.6 bn in 2017 recording a 31% growth over 2016. Ranking an impressive 19th position amongst 73 countries that attracted cross-border capital into their property market, India has surged ahead of its Asia Pacific regional counterparts which collectively attracted lesser capital flows compared to India.
The changes in business environment brought by landmark reforms like GST and RERA besides others coupled with government impetus for affordable housing and an imminent possibility for REITs as an asset vehicle have infused confidence among the stakeholders of the Indian property market. In the latest four-year period (2014 – 2017), the inflows were over four times the outflows compared to the earlier four-year period (2010 – 2013) when they were at par. This highlights a paradigm shift in Indian realty’s potential as an attractive investment avenue.”
Corporate Comm India(CCI Newswire)
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