Delhi becomes the greenest city for real estate in India and Ranks 63rd Globally Study

London, Shanghai, New York, and Washington DC are the top five green cities for real estate investment and development and New Delhi stands at 63.

New Delhi: A study done by property consultant Knight Frank ranks Delhi to be the greenest city for real estate in India, but earns 63rd rank globally.

Apart from Delhi, Cities like London, Shanghai, New York, Paris, and Washington DC are the top five green cities for real estate investment and development.

In a statement given by Knight Frank, “Globally ranked 63rd, Delhi is the greenest city for real estate in India, followed by Chennai with a global rank of 224, Mumbai with a global rank of 240, Hyderabad with a global rank of 245, Bengaluru with a global rank of 259 and Pune with a global rank of 260.”

The research done by the consultant was based on services like developed public transport networks, urban green landscape and the number of green-rated buildings measured in 286 cities around the country.

India is expected to receive cross border real estate investment worth USD 2.5 billion in 2022, said Knight Frank in a statement.

Countries like the US, UK, Germany, France, and the Netherlands are considered top destinations for cross border real estate investment in 2022.

Shishir Baijal, chairman and managing director of Knight Frank India, said: “A series of structural reforms in recent past has put the country’s real estate sector on high trajectory attracting global attention.”

He noted that the opening of the economy and improving Covid condition in the country is proving positive for the real estate in the country. The gradually improving situation would help attract global investments.

“The country’s commercial real estate sector has evinced strong global investor interest in segments led by office and warehouse. With best-in-class global participation on capital as well as development front, we expect that the volume and quality of product offerings will see a marked scale-up in near future,” he added.

Published by– PTI