Nine Indian Cities in JLL's latest 'Global 300' rankings
While Mumbai and Delhi have the scale to match their global counterparts, they are under-performing in terms of direct real estate investment
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Commercial Attractiveness Index rank: 69
Economic Size rank: 75
Although some attention is starting to turn to the country, India’s cities are not large recipients of direct real estate investment – given the difficulties in accessing stock and market transparency.
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Commercial Attractiveness Index rank: 79
Economic Size rank: 81
Most of the Indian markets are dominated by domestic players, rather than international investors. These lower rankings suggest that, for example, while cities like Mumbai and Delhi have the scale to match their global counterparts, they are underperforming in terms of direct real estate investment. It is also indicative of an historic preference by investors to look to development and debt lending to gain exposure to real estate in the Indian market.
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Commercial Attractiveness Index rank: 109
Economic Size rank: 147
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Commercial Attractiveness Index rank: 155
Economic Size rank: 116
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Commercial Attractiveness Index rank: 90
Economic Size rank: 63
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Commercial Attractiveness Index rank: 153
Economic Size rank: 92
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Commercial Attractiveness Index rank: 289
Economic Size rank: 111
A number of key policy-level changes taken by the Indian government in recent times such as RERA, REITs, simplification of taxation, easing of FDI restrictions, are expected to be beneficial. Along with completion of new high-quality stock by commercial developers, which will increase the amount of investable assets across India, these developments are encouraging increased interest from international investors of the likes of Blackstone, GIC and Brookfield.
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