Real estate may see investment from financial institutions: Anshuman Magazine, CBRE
India real estate sector will see inflow of investments from Pension and Insurance funds and other institutional investments owing to dwindling interest rates coupled with sectoral reforms such as implementation of Real Estate (Regulation and Development) Act (RERA), in future, said Anshuman Magazine, chairman CBRE India and Southeast Asia.
“Regulations are going to show positive impact on the sector. Interest rates are going to play a big role in future. As interest rates are coming down, these funds will have to ensure that they get good returns. I can not tell you when, but certainly pension funds, insurance funds and institutional investments will eventually look towards the real estate sector for better returns,” Mazagine told reporters here.
On the impact of demonetisation last year, on the sector, he said things are expected to look better from now on.
CBRE moved into a new facility which was inaugurated by Telangana IT and Industries Minister KT Rama Rao.
Magazine said some of the policy initiatives of the state government will act as booster to the real estate growth in the city.”Hyderabad witnessed significant infrastructure developments including metro rail, multi-level flyovers, electronic manufacturing clusters and an integrated pharma city over the last two years. These policies, reforms and developments are aimed at attracting more investments into the city,” he signed off.