Real Estate Rules the Investment Segment- Assocham

The Associated Chambers of Commerce and Industry of India (Assocham) said that the real estate sector`s share in total private sector infrastructure investments in Metros in last 6 months works out to be 12%, followed by 10.26% in hospitality. In the last six months metro rail attracted investment worth Rs 340.38 billion followed by sewerage (Rs 214.34 billion), real estate (Rs 151.70 billion), hospitality (Rs 130.10 billion), SEZs (Rs 105 billion), transport (Rs 62.83 billion ), roadways (Rs 58.19 billion) and water supply (Rs 57.57 billion), it said. Construction of metro rail is being carried on three cities including Bangalore (Rs 63.95 billion), Delhi (Rs 81.18 billion) and Mumbai (Rs 195.25 billion), it said.

Mumbai has attracted the highest amount of investment of Rs 166.95 billion in the sewerage segment followed by Chennai (Rs 15.88 billion) and Bangalore (Rs 13.54 billion), the chamber said. Assocham President Sajjan Jindal said the Indian metros continue to be the favorite destination for real estate development. Bangalore is the frontrunner in terms of real estate projects planned for the metros with the investment estimated at Rs 79.90 billion.

News Published Under:   Banking and Finance, Real Estate India |

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