Indian real estate sees 39% drop in US investments in 2023, yet office space remains most popular asset, attracting 52% of all investments.
Institutional investments in the Indian real estate market decreased by 12% in 2023, indicating investor caution and marking the lowest level since 2019.
Hero MotoCorp's Sunil Munjal discussed the economic growth and challenges in infrastructure projects at an event. He highlighted the need for faster decision-making and implementation to attract foreign investments and mentioned high land and lending costs as concerns.
Foreign investors are poised to inject $4-5 billion into the Indian real estate market, focusing on Bangalore, Delhi, and Mumbai, according to Jones Lang LaSalle.
The recent budget announcement has left many industries, including real estate, dissatisfied with a lack of significant changes or incentives for foreign investments. The budget's provisions are seen as inadequate to combat the ongoing recession.
DLF seeks refund of Rs 235 crore license fees from Haryana government for various projects in Gurgaon to boost cash reserves.
Wealthy Indians are increasingly investing in foreign properties as second homes, reflecting a global trend in real estate amid rising domestic wealth.