look news india
The country's real estate sector is becoming a favorite of foreign investors. This is evident from the data of foreign investment in Indian real estate. According to a recent report, foreign investment in Indian real estate has reached $3.5 billion in the first six months of this year.
India is followed by Singapore and China
A private company has prepared a report on foreign investment in real estate. According to them, India has emerged as the third most preferred destination for foreign investors in terms of investment in land and development. Now only China and Singapore are ahead of India in this matter.
Share of foreign investors in total investment
According to a report, the share of foreign investors in the total investment made in India's real estate sector in the first six months of the year was 73 percent. In this, cross-border investment has exceeded $ 1.5 billion. The Asia Pacific region i.e. APAC region contributed $ 1.2 billion in this flow of foreign investment.
Heavy investment came in the second quarter
According to the report, during the first quarter of this year, i.e. from January to March, the total foreign investment in Indian real estate was less than $1 billion. During that period, the total foreign investment in Indian real estate was $995.1 million. Whereas in the second quarter, i.e. the three months from April to June, the figure of foreign investment crossed $2.5 billion.
There will be benefits here in the coming years
India's real estate sector is still witnessing strong growth. Rapid work is being done on infrastructure in the country. Real estate is benefiting from this. The focus of foreign investors is still on assets which are ready. Development in Indian real estate is also becoming a big opportunity for foreign investors in property.