India’s cross-border real estate investment is set to hit record levels in 2022 at $2.5 billion according to reports from global property consultancy– Knight Frank.
Shishir Baijal, Chairman and Managing Director Knight Frank India, commented: “A series of structural reforms in recent past has put the country’s real estate sector on high trajectory attracting global attention. Rapidly improving pandemic scenario in the country coupled with policy interventions to support realty sector growth will ensure global capital finds it attractive to participate in the sector. The country’s commercial real estate sector has evinced strong global investor interest in segments led by office and warehouse.”
The report further noted that Delhi (globally ranked at 63rd) is the greenest city for real estate in India, followed by Chennai (global rank of 224), Mumbai (global rank of 240), Hyderabad (global rank of 245), Bengaluru (global rank of 259) and Pune (global rank of 260).
Knight Frank’s report has identified London, Shanghai, New York, Paris and Washington DC as the world’s top five green-rated cities for real estate, adding that US, UK, Germany, France and Netherlands will be the top destinations for cross border real estate investment in 2022.
Neil Brookes, Head of Global Capital Markets at Knight Frank, said: “The results from this year’s report are a welcome sign of the continuing recovery in the global capital markets and a resurgence of global cross-border investment into real estate.”
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