Commercial Real Estate In India Saw Five-fold Jump In Investment
New Delhi: The commercial segment of real estate attracted-five fold jump in investment in the decade ending in 2019.
The commercial real estate segment in India saw an investment of about USD 5.5 billion, according to estimates provided by JLL.
Mumbai, Delhi NCR and Bengaluru mostly received all the investments. These three cities received two-thirds of real estate investments in the last decade.
Investors are expected to look at more diverse locations when deploying capital in the commercial real estate market from 2020 onwards.
“2019 was a record-breaking year in Asia Pacific for commercial real estate as investors deployed capital more strategically and diversified into different asset classes. As the Asia Pacific market further matures, clients clearly want to work with us more and will require a broader suite of advisory services to meet their future investment needs. As a regional business, we’re all extremely proud of the partnership we share with our clients every day and to be recognized again as the leading investment advisor in Asia Pacific,” said Stuart Crow, CEO, Capital Markets, Asia Pacific, JLL.
JLL has also been named the number one investment advisor in Asia Pacific for 2019 by Real Capital Analytics (RCA).
“JLL takes prides in being named the number one investment advisor in Asia Pacific and we share this award with all of our clients. Over the next decade, India's commercial real estate sector will become more established as a global investment class in the eyes of investors owing to supportive demographics and business-friendly reforms,” said Ramesh Nair, CEO, JLL India.