Real estate investments may grow by 10% this year: study
16 Sep 2022
2 Min Read
CW Team
About 700 acres of land across eight cities have been acquired for over $1.1 billion during January-June to develop housing, office, retail, logistics and data centre projects, according to a CII-CBRE report.
The Confederation of Indian Industries (CII) and property consultant CBRE India this week released the report 鈥業ndian realty outlook - demystifying future growth opportunities鈥� at a real estate conference.
"We are quite optimistic about the real estate sector. But we need to be cautious considering global factors," said Anshuman Magazine, Chairman & Chief Executive, India, South-East Asia, Middle East and Africa, CBRE.
Magazine also highlighted that investments in real estate could grow by 10% this year to reach near the 2019 peak of over $6 billion.
He said all segments of real estate in the 2022 calendar year will perform better than last year, because of higher demand for apartments as well as commercial, data centre and warehousing spaces.
However, Magazine said there is a need for caution in view of rising interest rates, higher commodity prices and possible recession in the US and European economies.
He also pointed out that land prices have risen slightly in many pockets and cautioned that development prices could be impacted if rates rise sharply.
The consultant said that developers are mainly buying land for development of housing projects in view of the strong upcycle that the residential segment is currently witnessing. Institutional players have also been acquiring land for development of commercial and data centres.
In the first half of 2022, investments in real estate grew by 4% year-on-year to $3.4 billion.
Magazine said more Real Estate Investment Trusts (REITs) would get listed on the stock exchanges to monetise rent-yielding office, retail and warehousing assets.
See also:
Macleods Pharmaceuticals' purchases Juhu property for Rs 3.32 billion
Sunteck Realty inks pact for 2.5 million sq ft project in Mira Road
About 700 acres of land across eight cities have been acquired for over $1.1 billion during January-June to develop housing, office, retail, logistics and data centre projects, according to a CII-CBRE report.
The Confederation of Indian Industries (CII) and property consultant CBRE India this week released the report 鈥業ndian realty outlook - demystifying future growth opportunities鈥� at a real estate conference.
We are quite optimistic about the real estate sector. But we need to be cautious considering global factors, said Anshuman Magazine, Chairman & Chief Executive, India, South-East Asia, Middle East and Africa, CBRE.
Magazine also highlighted that investments in real estate could grow by 10% this year to reach near the 2019 peak of over $6 billion.
He said all segments of real estate in the 2022 calendar year will perform better than last year, because of higher demand for apartments as well as commercial, data centre and warehousing spaces.
However, Magazine said there is a need for caution in view of rising interest rates, higher commodity prices and possible recession in the US and European economies.
He also pointed out that land prices have risen slightly in many pockets and cautioned that development prices could be impacted if rates rise sharply.
The consultant said that developers are mainly buying land for development of housing projects in view of the strong upcycle that the residential segment is currently witnessing. Institutional players have also been acquiring land for development of commercial and data centres.
In the first half of 2022, investments in real estate grew by 4% year-on-year to $3.4 billion.
Magazine said more Real Estate Investment Trusts (REITs) would get listed on the stock exchanges to monetise rent-yielding office, retail and warehousing assets.See also: Macleods Pharmaceuticals' purchases Juhu property for Rs 3.32 billionSunteck Realty inks pact for 2.5 million sq ft project in Mira Road
Next Story
Amit Shah Launches Rs 7.08 Bn Projects in Gandhinagar
Union 亚博体育官网首页 Minister Amit Shah is set to inaugurate and lay the foundation stone for multiple people-focused development projects worth Rs 7.08 billion in Gandhinagar today. These projects fall under the jurisdiction of the Gandhinagar Municipal Corporation, the Gandhinagar Urban Development Authority (GUDA), and the district administration.As part of his engagements, Shah will inaugurate a new Primary Health Centre in Vavol, a critical underbridge connecting Sectors 21 and 22, a Primary Health Centre in Pethapur, and the rejuvenated Kolvada Lake near the ONGC well in Kolwada.In the evening, th..
Next Story
Keystone Sets Rs 40 Bn Sales Target for FY26
Keystone Realtors Ltd, the Mumbai-based real estate firm operating under the Rustomjee brand, aims to achieve housing sales worth Rs 40 billion in the current financial year, marking a 32 per cent year-on-year growth. This target reflects continued robust demand for quality residential properties, especially from established developers, according to Chairman and Managing Director Boman Irani.In an interview with PTI, Irani stated that the company surpassed its guidance for FY25, recording pre-sales of Rs 30.28 billion, a 34 per cent increase from the previous year. "We have achieved steady and..
Next Story
GreenCell Wins Order for 1,200+ Electric Buses
GreenCell Mobility has secured an order for over 1,200 electric buses from Convergence Energy Services Limited (CESL) under the PM E-Bus Sewa Scheme, as announced on 14 May 2025. The contract includes 472 Eicher electric buses for Madhya Pradesh and 750 buses from Pinnacle Mobility Solutions for Andhra Pradesh.These zero-emission buses will be deployed across six cities in Madhya Pradesh and 11 in Andhra Pradesh. GreenCell has partnered with VE Commercial Vehicles (VECV) for the Madhya Pradesh segment and with Pinnacle Mobility Solutions (EKA Mobility) for Andhra Pradesh.Devendra Chawla, Manag..
