Record in­vest­ment in­flow

Hindustan Times (Chandigarh) - Estates - - HT ESTATE - Shob­hit Agar­wal feedback@livemint.com Shob­hit Agar­wal is man­ag­ing di­rec­tor, cap­i­tal mar­kets and in­ter­na­tional di­rec­tor, JLL In­dia

NEW DELHI: As far as in­vest­ment in­flows into In­dian real es­tate are con­cerned, 2017 seems to have set a new mile­stone. The to­tal in­vest­ment in the first half of 2017, which stands at more than ₹16,000 crore is the high­est ever seen in any year’s first half. It has not only ex­ceeded the first half of 2007 but also the first half of 2016.

Given the scale, 2017 seems set to break all pre­vi­ous in­vest­ment records.

A slew of re­forms un­leashed by the gov­ern­ment is chang­ing the in­vest­ment sce­nario in the coun­try and has made In­dia one of the most at­trac­tive emerg­ing mar­kets, from the in­vest­ment point of view.

So much so that a com­par­i­son be­tween the debt and eq­uity in­vest­ments seen be­tween 2014 and the first half of 2017, which stand at more than ₹ 98,000 crore are higher than the ₹95,000 crore seen dur­ing an en­tire decade span­ning from 2003 to 2013.

Big bang pol­icy re­forms, eco­nomic and po­lit­i­cal sta­bil­ity, lib­er­al­i­sa­tion of the for­eign di­rect in­vest­ment pol­icy and the re­sul­tant im­prove­ment in the in­vest­ment com­mu­nity’s sen­ti­ment are some of the fac­tors working in In­dian real es­tate’s favour. Other fac­tors in­clude GST, RERA, REITs, the Be­nami Prop­erty Act, de­mon­eti­sa­tion and con­stant fo­cus on af­ford­able hous­ing that will lead to the sec­tor evolv­ing into a more ma­ture, con­sol­i­dated and highly trans­par­ent in­dus­try.

This, in turn, is ex­pected to at­tract fur­ther pri­vate eq­uity from abroad.

HT FILE

To­tal in­vest­ment in the first half of 2017, which stands at more than ₹16,000 crore is the high­est ever seen in any year’s first half

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