Investment in indian property jumps 140pc

Mumbai, India Photo: Klaquax

Investment in Indian property jumped 140 per cent last year, according to new research, reaching its highest level in five years.

The report by Cushman & Wakefield, published in India's Economic Times, reveals that the country was in the world's top three nations for rising investment levels. 2014's total investment volume was $5 billion, up from 2.1 billion in 2013.

Previous high-flyers have not always fared well in the past, with Serbia topping the charts in 2014 (investment up 610 per cent) and Bulgaria in the second spot (investment up 186.5 per cent).

India, though, arrives in the top flight of the chart just as its market enjoys a significant period of transformation, with the election of a new government signalling reforms for the industry that are expected to fuel growth.

"The huge growth in investment volumes in real estate markets are proof that investors are already acting out on their expectations of improvements in the ease of doing business in India backed by regulatory reforms to be implemented by the Prime Minister Narendra Modi led government," comments Sanjay Dutt, Executive Managing Director for South Asia at Cushman & Wakefield.