Foreign investment in the real estate sector rose to $23.9 billion

Foreign investment in the real estate sector rose to $23.9 billion

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new Delhi. Foreign investment in the country’s real estate sector increased more than three times to $23.9 billion during 2017 to 2021 compared to the previous five years. Real estate consulting company Colliers and industry body Federation of Indian Chambers of Commerce and Industry (FICCI) gave this information in their report.

In its report on foreign investment in Indian real estate, Colliers said global investors have shown interest in investing in the country’s real estate sector, fueled by regulatory reforms in 2016. The company said, “Foreign investors have started investing in the country with more hope from 2017. Earlier, foreign investors used to avoid investing due to lack of transparency in India’s real estate industry.

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According to the data, foreign investment in the country’s real estate sector during the period 2017 to 2021 increased to $23.9 billion, from $7.5 billion between the period 2012 to 2016. The total investment in the Indian real estate sector during 2012 to 2021 increased to $49.4 billion. In this, the share of foreign investors is 64 percent.

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In addition, the share of foreign investors in Indian real estate increased to 82 per cent during 2017-2021, from 37 per cent in the previous five-year period. According to the consulting firm, the share of investments from the US and Canada in foreign investments has been more than 60 per cent each year since 2017.

Tags: Indian real estate sector, real estate

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