Real Estate Investment In UP Rises, Report

According to the latest report by the Associated Chambers of Commerce and Industry of India, real estate investment in Uttar Pradesh has risen slightly.

Uttar Pradesh saw real estate investment rising in the state, reports the Associated Chambers of Commerce and Industry of India. The apex body of industry has added that India as a whole has seen a reduced level of real estate investment.

The real estate investment in the state has grown by 106 percent. The state has bagged around 10 percent of the total investments in the country.

Over the four years, the state has witnessed remarkable growth in the real estate investment. The state ranked fifth among the states with maximum growth rates.

Bagging over 41 percent of total real estate investment in India, Gujarat topped the list. Investment grew in the state by over 700 percent. Kerala (550 %), Uttarakhand (400 %) and Rajasthan (175%) followed Gujarat respectively.

Avoiding the performance of these states, other states really did very badly. Some of the states saw investment falling by over 50 percent. India as a whole also saw a decline in realty investment.

Against the Rs.96000 Cr investments in the year 2011-12, this year India received only Rs.42000 Cr in the form of investment in the real estate sector. This shows that the decline in the country is far appealing.

If the states like Gujarat and Kerala had not performed well, the situation would have been still worse. The investments were done by both foreign investors as well as domestic investors.

Out of the Rs.8200 Cr investment in UP, a major share of the investment is done in Noida, Lucknow and Kanpur.

Realty investment is one of the key investments in India. The performance of the realty sector really affects the country. Though last year was a bad year for the realty, the property experts hope that this year will be a good one.

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