Mumbai emerges as most attractive Indian city for realty sector

According to a report by Urban Land Institute (ULI) and PwC titled 'Emerging Trends in Real Estate Asia Pacific 2019', Mumbai ranked 13th in the list of 22 Asian markets

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Mumbai ranks 13th in the list of 22 Asian markets having investment potential, according to a report by the Urban Land Institute (ULI) and PwC titled 'Emerging Trends in Real Estate Asia Pacific 2019'.

Mumbai has emerged as the most attractive Indian city in the Asia Pacific region followed by Bengaluru and New Delhi.

In terms of development potential in 2019 as well, Mumbai ranked 9th, while Bengaluru and New Delhi were placed 14th and 13th, respectively. 

Also Read: Houses In Mumbai To Get Expensive As The State Government Increases Stamp Duty By 1 Per Cent

Bhairav Dalal, partner - real estate tax, PwC India said India continues to remain one of the most attractive investment destinations in the Asia Pacific region. He added that with most of the other cities near the top of the cycle in terms of rent and capital values, India still offers value creation opportunities.

According to the report, data centres and student housing are the new entrants in terms of alternatives. With India's first domestic REIT listing expected to come in 2019, Dalal said India will remain an important investment destination for real estate investors.

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