GLOBAL INVESTORS TO BET ON HYDERABAD REALTY

Leading IT hubs like Bengaluru, Hyderabad, Chennai and Pune are expected to attract the highest amount of investment in office assets in 2017, as outsourcing will continue to push demand for commercial space, Cushman & Wakefield said on Thursday.

In 2016, the total investment made by global realty investors in India stood at $4.8 billion, up 3 per cent from $4.7 billion invested in 2016. The trend is expected to continue in 2017 as well. “Despite the demonetisation resulting in a short-term fall in economics activities, global investors are still optimistic about the Indian market,” said Siddharth Goel, senior director, research at C&W.