BANGALORE: Mumbai emerges as the best city to invest in with investor returns ranging from 12%-19% across 33 business districts in India, ranked on the basis of investor returns over the next five years, says a latest report by Knight Frank
According to the report, 'Top Business Districts in India to Invest in', Business districts of NCR and Bangalore, the largest office markets in the country, lag behind as investor returns range from 8%-11% and 10%-12% respectively.
Central Mumbai and suburban business district, west grabbed the top two spots in the overall investment return. Factors that led to this includes availability of talent, conducive business environment, international air connectivity, presence of prominent stock and commodity exchanges along with headquarters of several banks form the backbone of the financial industry in Mumbai, mentioned the report.
"Real estate investment in India has garnered superior returns in comparison to other asset classes over the previous five years. However, in most cases investment decisions in real estate are based on gut feel and tips which result in poor returns," says Shishir Baijal, Country Head and MD, Knight Frank India.
According to the report Mumbai, NCR, Bangalore, Chennai, Hyderabad and Pune is the most conducive cities in the country with investor return during 2013-2017 across these six cities expected to range between 8%-19% pa.
"At 19% pa, Mumbai's Central Mumbai business district will yield the best investment return in the country. Business districts of NCR and Bangalore, despite being the largest office markets in the country will lag behind other cities in terms of investor return," says Samantak Das, Chief Economist, Director-Research & Advisory Services, Knight Frank India.
According to the report, 'Top Business Districts in India to Invest in', Business districts of NCR and Bangalore, the largest office markets in the country, lag behind as investor returns range from 8%-11% and 10%-12% respectively.
Central Mumbai and suburban business district, west grabbed the top two spots in the overall investment return. Factors that led to this includes availability of talent, conducive business environment, international air connectivity, presence of prominent stock and commodity exchanges along with headquarters of several banks form the backbone of the financial industry in Mumbai, mentioned the report.
"Real estate investment in India has garnered superior returns in comparison to other asset classes over the previous five years. However, in most cases investment decisions in real estate are based on gut feel and tips which result in poor returns," says Shishir Baijal, Country Head and MD, Knight Frank India.
According to the report Mumbai, NCR, Bangalore, Chennai, Hyderabad and Pune is the most conducive cities in the country with investor return during 2013-2017 across these six cities expected to range between 8%-19% pa.
"At 19% pa, Mumbai's Central Mumbai business district will yield the best investment return in the country. Business districts of NCR and Bangalore, despite being the largest office markets in the country will lag behind other cities in terms of investor return," says Samantak Das, Chief Economist, Director-Research & Advisory Services, Knight Frank India.
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