Business

India's outbound capital in commercial realty rises 92%

In a sign of increasing attraction of the global market in comparison to India, outflow of capital from the country into commercial real estate market globally has surged significantly in the past one year, according to a recent report.

Knight Frank's Active Capital Report 2019 says that India's outbound capital in the commercial real estate segment increased by 92 per cent to $700 million during the financial year 2018-19."Many major economies are facing the latter stages of a prolonged expansionary cycle. The signals are clear; global growth is slowing and interest rates remain stubbornly anchored near record lows. This environment has important implications for real estate investors," the report said.

The United Kingdom, the Netherlands, Germany, the United States of America and Australia were the top destination countries for Indian capital investments, it said.Inbound cross-border investment volumes into Indian commercial real estate accounted for $2.6 billion during the April-March period of FY2018-19. 

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