Betting big on India & Specifically Bangalore
In the Price Waterhouse Cooper Real Estate 2017 report for Emerging markets, Bangalore was voted as the top destination for investment into the residential segment across Asia Pacific (we were 17th in 2015)! (Exhibit below) Bangalore was voted as the top destination for the hotels segment as well.
The world over is bullish about the Indian economy, which continues to remain the fastest growing economy despite the effects of demonetisation, growing protectionism and global incertainties. By 2020, India is set to become the world’s youngest country. With the rest of the world aging, this demographic potential offers India an unprecedented edge, as does the Goods & Service Tax, which could push India’s GDP growth to between 8% and 10%, according to a recent Economic Survey. Unlike the US, India is a savings economy and the risk to the property market is very low. Moreover, with the Real Estate Regulatory Act coming into effect, the supply in the market will considerably reduce, pushing prices up even further. Bangalore is our current favorite, as the prices are much lower and the commercial occupancy rate isthe highest across the top Cities in India.