2017 turns out to be a good year for Indian property market. The
country failed to be in the list of the most preferred destinations in the eyes
of institutional investors. Thomson Reuters probes the economy of the country to
grow 7.00% next year. The recently announced demonetization is likely to impact
growth, but in the long-run; bringing black money into the market is considered
to be a long-term growth driver. Consumption constitutes a major part of the
country’s economy. The finance industry is growing fast in order to meet the
borrowing needs of consumers.
According to the Urban Land Institute, Bangalore and Mumbai
are the top-ranked cities for skylines in terms of development and investment. The
Times of India reports Blackstone to be the most-prolific investor in Indian
commercial real estate. India is striving hard to create a REIT market for many
years. Brookfield Asset Management has entered Mumbai with a prime purchase. It
is not easy for NRIs to buy properties in India. Retail investors could only
buy residential properties.
