Which is the most attractive Indian city on this metric? Check facts
Mumbai, the financial capital of India, real estate might be expensive for the middle-class homebuyers, however, at the same time it is also one of the most attractive investment avenue in the Asia Pacific region. The city ranked at the 13th spot, while while Bengaluru and New Delhi grabbed the 16th and the 17th spots in the the report prepared by Urban Land Institute (ULI) and PwC.
1. In terms of real estate investment potential, Mumbai is the most attractive Indian city in the Asia Pacific region.
2. While Mumbai ranked 13th on the chart, Bengaluru and New Delhi grabbed the 16th and the 17th spots.
4. India continues to remain one of the most attractive investment destinations in the region.
6. Demand for buying and holding retail assets is certainly moving northwards. Logistics and coworking play continues to evolve rapidly, said Bhairav Dalal, partner - real estate tax, PwC India.
3. However, Mumbai was ranked ninth, while Bengaluru and New Delhi stood at the 14th and 13th positions, respectively, in terms of development potential in 2019.
5. The report said that core investments continue to remain the favourite.
7. India still offers value creation opportunities with most of the other cities near the top of the cycle in terms of rent and capital values.