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2014-12-11

Mumbai, Delhi and Bangalore to be hot investment spots in 2015

Delhi\'s ranking improved to 14th and Bangalore to 17th.

Mumbai, Delhi and Bangalore are set to emerge as a preferred investment destination in 2015 backed by the Modi led government’s plan to build smart cities in India, says a PTI report.

'Emerging Trends in Real Estate Asia Pacific 2015' report stated that the rankings for the three major metros, among the 22 cities surveyed across the region have improved significantly as compared to last two years.

“While Mumbai climbed to 11th position, Delhi's ranking improved to 14th and Bangalore to 17th, indicating a significant improvement in investor sentiment in the country. In 2013 and 2014, Mumbai stood at 20th and 23rd position, respectively. While Delhi ranked 21st in both the years, Bangalore stood at 19th and 20th position in 2013 and 2014 respectively,” PwC India Partner Gautam Mehra told PTI.

"There is certainly a positive vibe complemented by the expectation of an improved economy and a more transparent environment, keeping interest levels up among investors," he said.

"There is excess liquidity across various jurisdictions in the market, which is looking at opportunities for investment and India is emerging as a promising destination. Additionally, the expected developments around creation of smart cities focused on large scale manufacturing, and the roll-out of REITs, if implemented well, are expected to further add to the momentum," Mehra said.

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