1. ‘Maharashtra, UP, Gujarat corner major chunk of pvt investment in realty’

‘Maharashtra, UP, Gujarat corner major chunk of pvt investment in realty’

Maharashtra, Uttar Pradesh and Gujarat have together cornered more than half of the total investment — worth over Rs 12 lakh crore — in the realty sector from private players, including domestic and foreign, notes a recent study by industry body Assocham.

By: | Ahmedabad | Updated: November 24, 2015 12:44 AM

Maharashtra, Uttar Pradesh and Gujarat have together cornered more than half of the total investment — worth over Rs 12 lakh crore — in the realty sector from private players, including domestic and foreign, notes a recent study by industry body Assocham.

“Maharashtra and Uttar Pradesh have remained ahead of Gujarat with 22% and 16% share, respectively, in private investment and the three states together account for over half of the total investment,” highlights the study titled ‘Real estate investment: state-level analysis’.

Gujarat has taken up about 14% of the total investment attracted by the sector from private investors as of FY15 and has managed to increase its share by about 10% in the last decade. UP has managed to increase its share in investments made by private players from 0.1% in FY05 to 16% in FY15, but Maharashtra’s share has decreased from 25.5% to 22%.

Within Gujarat, private players accounted for 92% share in total investment attracted by the real estate sector. Of the total investment worth more than Rs 14 lakh crore attracted by the real estate sector across India in FY15, private and public investors accounted for a share of about 85% and 15%, respectively, highlighted the study prepared by Assocham’s Economic Research Bureau (AERB).

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