The First 9 Months of Year 2017 Seemed Very Promising For Real Estate Investors
In spite of the level of laxity the real estate business witnessed in the recent years, there has been a significant growth in the industry in the year 2017, according to reports. In the first 9 months of last year, the country has witnessed a growth of 85%. The volume of deal completed successfully has been recorded at $2.5 billion as against $1.4 billion last year.
No doubt, India is emerging as one of the mature investment market in the current. This sign would further drive the realty business to greater heights in future.
Castellino, Executive National Director, Capital Markets and Investment Services, Colliers International India says,"If the same trend continues, India will be competing with other developed nations with regards to real estate growth very soon. The revenue on registrations between Jan 17 and now has gone up very significantly. The commercial segment has also picked up the way we expected".
In comparison to other countries, Japan retained its position at the top of the table of investment in income-producing properties as on year-to-date September 2017. However, the amount of transactions fell by 12% since a year ago to $23.3 billion.
In the top three markets, Hong Kong saw a 38% increase in transactions of $14.7 billion. South Korea, recorded a 33% increase in transactions, while deal volumes in Singapore surged by 83%, to $8.7 billion.