It has been found out that in the list of investment destinations, Bangalore and Mumbai have come down to 20th and 23rd positions respectively which was covered by the Emerging Trends in Real Estate Asia Pacific 2014, published jointly by the Price water house Coopers (PwC) and Urban Land Institute (ULI). With the Indian cities slipping more in the regional rankings this year, they managed to be at a position in the Top 25 real estate destinations of the Asia Pacific region.
The low ratings are owing to the present uncertain currency outlook following a mid-year plunge in the value of the rupee, economic problems, and an investment environment which is widely seen to be unfriendly to international investors. However, despite all this, the interest in Indian markets remains high. The report also stated that there were numerous foreign funds waiting and watching the current national elections that are impending.
The report further indicates for 2014 that there would be stiff competition for conventional assets in prime markets thus propelling the popularity of niche property sectors and secondary markets for investments.
Investment Prospects by Property Type
Industrial/distribution – This is the top-rated property sector for investment potential. Owing to additional requirements for storeroom conveniences by marked up online buyers’ expenditure in Asia Emerging Trends indicates that sector is under supplied.
Residential –This sector comes in at a second place. Although the report exercises caution about high prices affecting housing affordability, the likelihood of higher home mortgage interest rates.
Office –This comes in at the third place. Top bets for office investments: Manila, Tokyo and Jakarta.
Retail –In this sector, the opportunities in prime downtown locations hold much promise. Best bets for retail investments: Jakarta, Manila, Tokyo and Shanghai.
Hotel - This sector is still seen as general solid, owing to rapidly growing tourism industry and relatively high yields. Tokyo leads as the best bet for hotel investment, due to the fact that the city begins preparations to host the 2020 Summer Olympics.
The low ratings are owing to the present uncertain currency outlook following a mid-year plunge in the value of the rupee, economic problems, and an investment environment which is widely seen to be unfriendly to international investors. However, despite all this, the interest in Indian markets remains high. The report also stated that there were numerous foreign funds waiting and watching the current national elections that are impending.
The report further indicates for 2014 that there would be stiff competition for conventional assets in prime markets thus propelling the popularity of niche property sectors and secondary markets for investments.
Investment Prospects by Property Type
Industrial/distribution – This is the top-rated property sector for investment potential. Owing to additional requirements for storeroom conveniences by marked up online buyers’ expenditure in Asia Emerging Trends indicates that sector is under supplied.
Residential –This sector comes in at a second place. Although the report exercises caution about high prices affecting housing affordability, the likelihood of higher home mortgage interest rates.
Office –This comes in at the third place. Top bets for office investments: Manila, Tokyo and Jakarta.
Retail –In this sector, the opportunities in prime downtown locations hold much promise. Best bets for retail investments: Jakarta, Manila, Tokyo and Shanghai.
Hotel - This sector is still seen as general solid, owing to rapidly growing tourism industry and relatively high yields. Tokyo leads as the best bet for hotel investment, due to the fact that the city begins preparations to host the 2020 Summer Olympics.
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