Categories: Investments

Investments in realty shrank 65% in 2013


MUMBAI, APRIL 8, 2014 : 
India’s real estate sector is estimated to have received $1.2-billion (around Rs.7,200 crore) investments in 2013, down 65 per cent from the previous year’s $3.4 billion, according to a report by real estate consultancy Cushman and Wakefield.

India was the 10th most invested location in the Asia-Pacific region last year. The report, ‘Investment Market Beat-2013’, reveals that the APAC region received a record $487 billion in the real estate sector. Of the nations surveyed, China recorded the highest volume of investments of $358 billion, followed by Japan with $44.6 billion.

In India, investments in land suffered a decline of 61 per cent to $838 million, while investment in the office space saw a fall of 77 per cent at $247 million.

“We expect the economy in general and investment markets in specific to start seeing remarkable improvements by 2015,” said Sanjay Dutt, Executive Managing Director, South Asia.

The Property Times News Bureau

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