Bengaluru among 10 cities to receive maximum overseas investments in APAC

Bengaluru among 10 cities to receive maximum overseas investments in APAC

Bengaluru entered the list of top 10 cities that attracted maximum cross-border investments in the Asia Pacific (APAC) for the first time as it received over USD 1.6 billion last fiscal, according to property consultant CBRE.

India was among the top five preferred markets in APAC with the launch of the first Real Estate Investment Trust (REIT) and the resulting improved market transparency, the consultant said in its Asia Pacific Investor Intention Survey 2019.

The first REIT by Embassy Group and Blackstone Group LP was launched in India in March this year, which raised Rs 4,750 crore. It is expected to catalyse investments in the country, CBRE said.
“Bengaluru featured as the first Indian city in the list of preferred investment destination on the basis of its growing reputation across the globe as the home base to several international corporates,” said Anshuman Magazine, Chairman and CEO, India, South East Asia, Middle East and Africa, CBRE.

The city with a significant talent base and world-class infrastructure offer several investment grade options in the office, retail as well as residential segments, he added.

On the overall positioning of the Indian real estate market in APAC, Magazine said a stronger interest was seen in office properties. Industrial and logistics, multi-family, hotels and retail were other preferred sectors of investment in APAC.

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