Could India become Asia’s next real estate investment hotspot, surpassing even China?

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India, known as the world’s back office, could supplant China to become Asia’s top real estate investment destination, according to analysts.

Japan’s Daibiru Corporation is investing US$123.5 million to develop Atrium Place, an office project near the capital Delhi.These deals have helped India to become the fourth-largest real estate investment destination in the Asia-Pacific region after Japan, China andthis year, according to CBRE. In terms of cross-border investment, India tied with Japan in getting the most investment at US$2.6 billion.

“Foreign investors mainly look into office assets because of the strong fundamentals supported by the growing demand of GCC,” said Choi. “Occupancy rates are high in mature business areas, with rental performance steadily improving.” Given the anticipated rise of India as a preferred foreign capital destination, global investors are likely to increasingly partner with domestic institutions and provide tailor-made financing solutions to leading real estate players in the Indian market, Yagnik added.

“It is too early to debate whether India will become the largest property investment market,” she said.

 

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