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As a member of the rather antiquated ‘BRICS’ group, India, along with Brazil, Russia and China has ‘emerged’ rapidly, and its national economy is now ranked the sixth largest in the world. GDP for 2017 is forecast to grow by 7.5% whilst the forecast for CPI is to hit a 17 year low of 3.3%. Real estate investment so far in 2017 has been positive following on from a strong year in 2016, with the office sector once again being the stand out performer. Changes to government policies in 2016 with regards to restrictions on overseas realty investment, will most likely create a more stable and favorable environment for foreign investors in the coming years. Previous concerns included limited ownership, arduous planning permission processes and large land size requirements for projects. These issues have been addressed in the hope of boosting Foreign Direct Investment (FDI), and the larger metropolitan areas such as Mumbai and Delhi NCR (National Capital Region) in particular stand to benefit.
Source : CBRE Global Investors
