Asian investors are looking to diversify their property exposure outside of the region. Not only is India the world’s fastest-growing major economy, it may also offer Asia’s best real-estate investments next year. A survey has ranked Bangalore and Mumbai as the region’s top picks, vaulting both cities to lead a table of 22 Asian markets.
Commercial property is key. The survey, compiled by the Urban Land Institute with input from PricewaterhouseCoopers LLP, cited a boom in business process outsourcing, or BPO, and IT firms that are driving demand for new office space. “There is little doubt that catering to the expansion requirements of the Indian BPO industry has delivered big profits to investors who arrived early on the scene,” according to a report summarizing the findings of the survey. “Today it remains a compelling story.”
Read more: NDTV