Tag Archive for franks

Knight Frank’s report – DCPR 2034 – Deciphering Mumbai’s Future, unveiled by Honourable CM of Maharashtra Shri Devendra Fadnavis

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By K Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Left to Right: Nibodh Shetty – Consultant Knight Frank, Rajan Bandelkar, President, NAREDCO West; Shishir Baijal, Chairman & Managing Director, Knight Frank; Shri Ajoy Mehta, Municipal Commissioner, BMC; Shri Devendra Fadnavis, Honourable Chief Minister of Maharashtra; Shri Durga Shankar Mishra, IAS Secretary, Ministry of Housing & Urban Affairs, Govt. of India; Shri Prakash Mehta Minister of Housing, Government of Maharashtra; Vivek Rathi, Senior Vice President – Research, Knight Frank; Arvind Nandan, Executive Director, Research, Knight Frank

Knight Frank India, one of the leading International Property Consultants launched a report on the Mumbai Development Plan 2034 – Development Control Promotion and Regulation (DCPR 2034). Titled DCPR 2034 – Deciphering Mumbai’s Future, the report delves into the fine print of the DCPR 2034 and what it spells for the residential and office sectors. The report was launched at a knowledge seminar on EODB and DCPR 2034 organised by National Real Estate Development Council (NAREDCO).

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Overseas capital investment in India touches USD 2.6 bn recording a 31% growth according to Knight Frank’s Active Capital: The 2018 Report

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By K Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Knight Frank, the independent global property consultancy, today launched Active Capital: The 2018 Report. Looking at the shifts in capital flows, the report dives into the sources and destinations of cross-border investments in commercial real estate.

 

Key India findings of the report:

 

  • ·         India ranks an impressive 19th position amongst the 73 countries that attracted cross-border capital into their property market in 2017. With USD 2.6 bn of cross-border capital inflows (excluding development sites), India ranks ahead of its Asia Pacific regional counterparts like Malaysia, Thailand, Indonesia, Vietnam and Philippines, which collectively attracted lesser capital flows compared to India.

 

  • ·         Capital flows into Indian property market have been 10 times higher than the outflows in 2017. USD 2.6 bn of inflow was recorded compared to outbound capital flows to the tune of USD 0.26 bn last year. Led by a battery of reforms like RERA, GST and demonetisation, the attractiveness of Indian real estate potential has caught the fancy of international investors and developers alike resulting into this favourable investment account.

 

  • ·         Compared to 86% share in 2016, United States, Canada and Singapore collectively contributed to 84% of capital inflows to Indian property followed by United Kingdom, United Arab Emirates and Hong Kong in 2017. Read more