Accommodation Times News Service
According to an Investment Prospects Survey conducted by Urban Land Institute (ULI) in association with PriceWaterHouseCoopers (PWC), Mumbai and Bangalore top the list of preferred real estate market for investment and development, globally.
The top contenders from last year’s report were core markets in Japan and Australia.
While Bangalore stood tall in the first position for investment and development, Mumbai came second in investment, and third in development out of 22 Asian cities. The report, however, also pointed out the difficulty that investors might have to undergo owing India’s confusing and often, complex regulatory system. Although, the report contended, the government is showcasing genuine inclination towards ease of doing business in India, it yet remains to be seen how long these will take to be completely resolved.