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Mumbai most attractive Indian city for realty bets: Report

Press Trust of India  |  Mumbai 

has emerged as the most attractive Indian city in the region in terms of real estate investment potential, followed by and New Delhi, a report said Monday.

stood at the 13th rank, while and New grabbed the 16th and the 17th spots, respectively, in the list of 22 Asian markets having investment potential, a report by the (ULI) and titled 'Emerging Trends in Real Estate 2019' said.

In terms of development potential in 2019 as well, was ranked ninth, while and New stood at the 14th and 13th positions, respectively.

"continues to remain one of the most attractive investment destinations in the region. With most of the other cities near the top of the cycle in terms of rent and capital values, still offers value creation opportunities," said Bhairav Dalal, partner - real estate tax,

He further said that core investments continue to remain the favourite with a few moving towards build-to-core.

"Demand for buying and holding is certainly moving northwards. Logistics and coworking play continues to evolve rapidly, although some investors have expressed differential opinion over their sustainability," added Dalal.

According to the report, data centres and student housing are the new entrants in terms of alternatives.

With India's first domestic REIT listing expected to come in 2019, Dalal said India will remain an important investment destination for

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, December 03 2018. 20:35 IST