3 out of 4 Indian real estate leaders set to expand business

76% of respondents to a GRI survey say they are committed to investing and further expanding business over the next year

June 19, 2019Real Estate
The outlook for India’s real estate market is looking significantly optimistic, according to a recent GRI Barometer survey of real estate leaders in India. When asked how they expect Indian real estate to perform over the next twelve months in relation to the past year, 61% of respondents said that they expect the market to perform either ‘well’ or ‘very well’ in the next 12 months, whilst less than 20% expect it to perform worse. 

Emphasising their optimism, 85% of those surveyed have either ‘good’ or ‘excellent’ financial expectations for their company over the next 12 months. 

Cities like Jaipur, Kolkata and Visakhapatna have all been said to have less prominent real estate opportunities, while Bengaluru is currently top of the investor wishlist.

GRI Barometer surveys measure views on economic outlook, which cities and which sectors offer the best opportunities, and which sub-sectors respondents are tracking or investing in right now.

Respondents to the GRI Barometer survey represent a full range of investors, fund managers and developers at the most senior levels, including chairmen, CEOs, partners, managing partners and managing directors, all of whom invest in or have operations in India.

Full results of the GRI Barometer India 2019 may be accessed below.