India at 3rd position in global realty market rising

Growing realty sector of India has attracted overseas investors and figures in the top three property markets round the world, presenting the finest prospect for capital appreciation after the US and China. In the group of the most favorite property market in between foreign investors globally, US has retained its top position, while China was ranked 2nd followed by India, a survey carried out by the Association of Foreign Investors in Real Estate (AFIRE) said. China moved to the 2nd position, garnering 21.4 % votes and displacing India in the process, which was preferred only by 16.7% of the respondents favoring the country as the most fancied place for real estate investment.

In 2006 China got 14.6 % votes while India had 18 % and was ranked in the 2nd position. One of the important findings that cannot be unnoticed is the jump in investor’s confidence in China.

AFIRE Chief Executive J A Fetgatter told that this is the 2nd time in 3 years, China has been chosen as the country offering the 2nd best chance for capital appreciation after the US. Interestingly, the United States, whose economy continues to be bogged down by the subprime crisis and faces the danger of a recession, still managed to preserve the top position in the ranking list.Among those surveyed, 26.2 % said America offered the greatest prospect for capital appreciation in the real estate sector as compared to 23 % recorded in 2006.