Indian real estate to attract $7 billion investment in 2017

The real estate sector in India is expected to attract an investment of around $7 billion in 2017, while the figure is expected to touch $10 billion by 2020, according to CBRE South Asia.

Anshuman Magazine, Chairman, India and South East Asia, CBRE said, “With 2016 being the year of landmark decisions for the Indian real estate industry, the sector saw concerted efforts by the Government to bring in transparency as well as boost consumer sentiment in the sector, especially in the residential market. The outlook for the year 2017 is positive with an expectancy of steady growth, stability and revival in the market.”

According to the report, core assets will continue to witness strong interest but there will be enhanced development interest in office, warehousing and retail sectors too with several players expected to launch ‘affordable housing’ platforms.

Read more: The Economic Times