Survey reveals improvement in India’s commercial real estate sector | 18 February 2013
Real estate markets in India are performing well, according to the Royal institution of Chartered Surveyors’ (RICS) Global Commercial Property Survey, thehindu.com reports.
Despite the general, on-going economic slowdown, some markets in Asia have retained interest from investors. India is one such location that remains attractive for those seeking commercial real estate assets.
For the first time since 2011, investment enquiries rose. India leapt up to seventh position in the overall rankings for investment demand in Q4 2012, compared with coming 22nd in Q3. India is now out-performing Japan.
This growth has been recorded predominantly in the office space segment, followed then by the retail sector. Demand for industrial space may have dropped, but the RICS survey reveals that both investment activity and prices are looking positive for a second consecutive quarter.
Commenting on the survey, which also saw healthy increases in rental and capital values in China and Thailand, RICS’ senior economist Andy Wu told rfpmagazine.com: “Capital will likely continue flowing into Asia in 2013, driven by the region’s stronger growth prospects, global excess liquidity and risk appetite.
“This should lead to a further pick up in real estate demand in key Asian markets, from occupiers and investors. Specifically, the expected recovery and increasing levels of business and consumer confidence in the region will likely result in higher-than-expected investment activity this year.”
The views expressed in this post are those of the author and are not necessarily those of Qube Global Software. All facts are verified where possible directly by the author.
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