Indian cities top real estate prospects in 2017

This year’s Investment Prospects survey from Urban Land Institute (ULI) and PwC shows a strong shift away from last year’s favorites, which featured core markets in Japan and Australia, in favor of emerging-market destinations.

The survey also found steep declines in the popularity of gateway cities with the exception of Shanghai which has seen a resurgence in foreign investment over the last couple of years, despite high prices.

The top five markets for investment and development in 2017 is led by Bangalore. The big story for investors has long been the city’s role as India’s main hub for the business process outsourcing (BPO) and IT industries. There is huge demand for space as both domestic and international companies flock to open both call-in and research-and-development centers.

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