Page 42 - Construction Vision Sep-Oct 2017 issue

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MAJOR TRENDS IN INDIAN

REAL ESTATE IN 2017

By Ramesh Nair, CEO & Country Head, JLL India

lowing sales and lack of financial return journey to India last year. Indian real in JLL's 2016 bi-annual Global Real Estate
prudence among several developers estate has attracted $32 billion in private Transparency Index. The catalysing factors for
Sis leading to a fairly obvious equity so far. The global capital flow into this were improvements in structural reforms
conclusion - consolidation. Indian real estate in 2016 stood at $5.7 billion. and the more liberalised foreign direct
These trends will shape - or reshape - the Though the historic high of 2007 (in terms of investment (FDI) regime. Increased
Indian real estate sector in 2017 and beyond: total PE inflows) was not breached, last year transparency brings higher investments into
proved to be the second-best year so far. such real estate markets.
Global capital flow into Indian real estate Despite Brexit and uncertainty around the new Thanks to changes in its regulatory
will increase further US President's outsourcing and visa-related framework, India is now way more attractive
India is ranked fourth in developing Asia for policies, private equity activity also looks to both global and Indian investors. Increased
FDI inflows as per the World Investment healthy in 2017 - thanks to a strengthening consolidation and transparency - and the
Report 2016 by the United Nations and modernising economy, and the growing launch of REITs (Real Estate Investment
Conference for Trade and Development. That reputation of India as an attractive investment Trusts) this year - will further whet their
is endorsement at the highest levels - and real destination. appetites for getting a piece of the Indian real
estate saw equity investment on a very visible India's Tier-I cities moved up to the 36th rank estate pie.

40 CONSTRUCTION VISION SEPTEMBER - OCTOBER