REAL REPORT - Investment in real estate picking up in metros
Hindustan Times, HT Estates, April 25, 2009, Page 5
HT Estates Correspondent
The metro rail projects have been the key drivers of infrastructure investment in Indian cities with projects worth Rs 34,000 crore, says a report
Despite the real estate sector having been the worst victim of a high cost economy, especially after the meltdown, it's share in the total private sector infrastructure investment in the metros in the last six months works out to be 12 per cent, followed by 10.26 per cent in the hospitality segment, according to an assess ment of The Associated Chambers of Commerce and Industry of India (ASSOCHAM).
However, metro rail projects accounted for the maximum of 27 per cent share in the total amount injected in metro cities for infrastructure development under Central, state and the local government, including corporates.
Sewerage and solid waste management investment in Tier I cities constituted the major chunk of investments, specifically via the government mode. Mumbai (Rs. 16694.672 crore), Chennai (Rs. 1588 crore) and Bangalore (Rs. 1354.92 crore) are the major recipients of sewerage related investment. In percentage terms, it worked out to be 16.90 per cent of the total infrastructure investment.
Indian metros continue to be the favourite destination for real estate development. The real estate projects constituting residential as well as commercial projects, have pocketed investment worth Rs. 15,710.5 crore, said Sajjan Jindal, president, ASSOCHAM.
The metro rail projects have been the key drivers of infrastructure investment in the cities with projects worth Rs.34,000 crore, he added.
The southern twin cities of Bangalore and Hyderabad have attracted maximum attention of real estate developers. Bangalore is the frontrunner in terms of real estate projects planned for the metros with an investment of Rs. 7990 crore. Hyderabad is at second place with projects worth Rs.4050 in the realty space.
Hindustan Times, HT Estates, April 25, 2009, Page 5
HT Estates Correspondent
The metro rail projects have been the key drivers of infrastructure investment in Indian cities with projects worth Rs 34,000 crore, says a report
Despite the real estate sector having been the worst victim of a high cost economy, especially after the meltdown, it's share in the total private sector infrastructure investment in the metros in the last six months works out to be 12 per cent, followed by 10.26 per cent in the hospitality segment, according to an assess ment of The Associated Chambers of Commerce and Industry of India (ASSOCHAM).
However, metro rail projects accounted for the maximum of 27 per cent share in the total amount injected in metro cities for infrastructure development under Central, state and the local government, including corporates.
Sewerage and solid waste management investment in Tier I cities constituted the major chunk of investments, specifically via the government mode. Mumbai (Rs. 16694.672 crore), Chennai (Rs. 1588 crore) and Bangalore (Rs. 1354.92 crore) are the major recipients of sewerage related investment. In percentage terms, it worked out to be 16.90 per cent of the total infrastructure investment.
Indian metros continue to be the favourite destination for real estate development. The real estate projects constituting residential as well as commercial projects, have pocketed investment worth Rs. 15,710.5 crore, said Sajjan Jindal, president, ASSOCHAM.
The metro rail projects have been the key drivers of infrastructure investment in the cities with projects worth Rs.34,000 crore, he added.
The southern twin cities of Bangalore and Hyderabad have attracted maximum attention of real estate developers. Bangalore is the frontrunner in terms of real estate projects planned for the metros with an investment of Rs. 7990 crore. Hyderabad is at second place with projects worth Rs.4050 in the realty space.
Posts
No comments:
Post a Comment