News: India commercial realty attracts $2.6 billion in 12 months to Q1 2019: Report-17-06-2019
Singapore, with investment volumes of $0.7 billion, was the biggest capital source country for the Indian commercial real estate between followed by Australia and Japan.
Updated On : June 17, 2019
MUMBAI | BENGALURU: Indian commercial real estate has attracted inbound cross-border investments worth $2.6 billion over the last 12 months to first quarter of 2019, while outbound investment stood at $0.7 billion during this period. United Kingdom, Netherlands, Germany, United States of America and Australia were the top destination countries of Indian capital investments, showed data from property consultancy Knight Frank.
Singapore, with investment volumes of $0.7 billion, was the biggest capital source country for the Indian commercial real estate between followed by Australia and Japan. Currently, India ranks 20th in terms of top capital importing countries globally, the data showed.
“With geopolitical factors coming into play, prolonged global economic cycle and interest rate in late cycle investment is prompting cross-border capital flows.The Indian investors are increasingly looking at international commercial real estate assets to diversify risk and increase their returns,” said Shishir Baijal, chairman & managing director, Knight Frank India.
India’s outbound capital into commercial real estate increased by 92% to $0.7 billion in 12 months to first quarter of 2019.
Between first quarter of 2018 and 2019 first quarter, China was a net importer of capital and Asia Pacific’s largest recipient of cross-border capital, edging ahead of Australia. South Korea was the only other Asian entrant in the top 10 destinations globally for cross-border investment.
