December 21, 2017

Mumbai

India property investments witnessed a year-on-year growth of 85% in the first nine months of 2017. The deal volume is recorded at $2.6 billion in the first nine months of the year as against $1.4 billion last year, showed Colliers International report.

Although property investment in India remains modest in relation to the country's size and importance, this growth in activity may be a sign that India is starting to mature as an investment market.

"The increase in deal volume is a testimony of the fact that India is a maturing market, with high value creation potential for its investors. Also, it endorses that there is immense growth potential in commercial, industrial and warehousing industry as most of this capital has been employed in these sectors", says Suresh Castellino, Executive National Director, Capital Markets and Investment Services, Colliers International India.

In a separate order, the regulator has pulled Ayyas Abdul Sayyad, realty developer of project Spanish Residency for issuing and dishonoring post-dated cheques to homebuyer. The homebuyers had booked a villa in the project at Naigaon on the outskirts of Mumbai, but had cancelled the booking later on.

Looking at the investment markets on country-basis, Japan retained its position at the top of the table of investment in income-producing properties as on year-to-date September 2017. However, total transactions in Japan fell by 12% from a year ago to $23.3 billion, and ranked just above China that registered transactions of $22.3 billion, down 2%.

In contrast to the lackluster performance, in the top three markets, fourth-placed Hong Kong saw a 38% increase in transactions of $14.7 billion. South Korea, recorded a 33% increase in transactions, while deal volumes in Singapore surged by 83%, to $8.7 billion.

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Source: magicbricks.com