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Top 20 Commercial Real Estate
Bangalore Among The Top 20 Commercial Real Estate Investment Destinations
02:15
Few months back there was a survey conducted by one of the eminent exhibition companies of the world in the UAE and it was found that Bangalore stands at the 22nd position among the resident Indians in the UAE after Mumbai which stood on the 20th position. Today Bengaluru has emerged in the list of top twenty technology rich cities of the world. Along with it, in a recent survey report of the global consultant JLL (Jones Lang LaSalle), Bangalore stands in the top twenty list of commercial real estate destinations of the world. By the same consultant it was reported that today Bangalore is at the 20th position among the most preferred destinations in the Asia Pacific. Cities like New York, Tokyo, London and few others have always ranked on the top in the commercial real estate investment volumes. Auckland and Sydney are the two Asia Pacific cities which have become the most preferred investment destinations comparable to Bangalore in terms of size. Bangalore is on the 20th position while cities of South Asia like Tokyo, Singapore and Hong Kong has major commercial investments and ranks within the top ten cities. But strikingly Seoul is at the thirteenth position. The top five of the cities in the Asia Pacific region are Singapore, Tokyo, Seoul, Sydney and Hong Kong. The rank was decided by the three year average of the direct rolling investment which ended on June 30th 2015.
The JLL sources said that cities like Tokyo, Taipei, Singapore and Hong Kong are transparent markets with high transparency scores and close behind each other. This transparency is affecting the foreign investment flow in India as they opine that investments in India often happen through entity level or through debt capital. This is the reason the expert researchers of JLL remarked that the less transparent markets of China and India are under-represented in the league of the major invest destinations of the Asia Pacific region.
The experts noted that the interest of the foreigners in investment in India may be showing an under represented figure in the index as the reflected figures mostly take in to account the equity investment at the level of declaration of assets. The measure of the GDP shows there is an ample scope of real estate investment to increase. In this context they also inferred that direct investment in the Indian realty sector by the foreigners are difficult as they have to take a different route such as deals of debt and joining in joint ventures with local partners.
The survey pointed out that the political and the financial capital of India, New Delhi and Mumbai were trailing in the investment index at 34th and 42nd position respectively. The reason cited was that there are midsized cities that are really attracting investors disproportionate to their size. Bangalore ranks much higher in the index, the reason being size of Bengaluru being small but attracting lot of investment which is ranking Bangalore higher as it’s a ratio. The experts pointed out that real estate investment in Bangalore is rapidly increasing despite it's small size.
The JLL sources said that cities like Tokyo, Taipei, Singapore and Hong Kong are transparent markets with high transparency scores and close behind each other. This transparency is affecting the foreign investment flow in India as they opine that investments in India often happen through entity level or through debt capital. This is the reason the expert researchers of JLL remarked that the less transparent markets of China and India are under-represented in the league of the major invest destinations of the Asia Pacific region.
The experts noted that the interest of the foreigners in investment in India may be showing an under represented figure in the index as the reflected figures mostly take in to account the equity investment at the level of declaration of assets. The measure of the GDP shows there is an ample scope of real estate investment to increase. In this context they also inferred that direct investment in the Indian realty sector by the foreigners are difficult as they have to take a different route such as deals of debt and joining in joint ventures with local partners.
The survey pointed out that the political and the financial capital of India, New Delhi and Mumbai were trailing in the investment index at 34th and 42nd position respectively. The reason cited was that there are midsized cities that are really attracting investors disproportionate to their size. Bangalore ranks much higher in the index, the reason being size of Bengaluru being small but attracting lot of investment which is ranking Bangalore higher as it’s a ratio. The experts pointed out that real estate investment in Bangalore is rapidly increasing despite it's small size.
4 comments
There is no doubt about that. So soon The Bangalore will become top most IT city among other cities in the world. Due to the effect of the IT parks the real market of Bengaluru is in full boom.
ReplyDeleteReally I am proud of my state Karnataka, Bangalore was not even considered as a city of India and within few decades it left all the city a way behind. The good economic growth, investment in infrastructure and a rapid growth in transportation like the launching of Metro made it possible.
ReplyDeleteDefinitely Every Kannadiga proud of Karnataka, The huge rapid growth of all The sectors of the Bengaluru is attracting large scale industries and IT companies all over the World. There is no doubt Bangalore within a decade will become top most cities in the world.
DeleteBangalore is the one the best investment option. Investment in Real Estate Bangalore which gives you assured returns
ReplyDelete