Real estate sector to witness $7-bn investment in 2017

Indian real estate is expected to witness an investment of $7 billion this year on likely revival in the sector, according to property consultant CBRE. “Investments are expected to hit the magic $10 billion by 2020,” CBRE said in a report — Asia Pacific Real Estate Market Outlook 2017 - India. India continues to hold its position as the world’s fastest growing G-20 economy, on the back of improved investor confidence and better policy reforms, it added. On the residential market, CBRE said supply had jumped up by 70 per cent in January-March period over the previous quarter.