International real estate consultant firm Jones Lang LaSalle’s shows Bangalore, Mumbai and New Delhi to be the top three investors’ choices for real estate investment in 2005 The recent April showers which continued through May, has brought out issue of rattling infrastructure in the city. But the image built by Bangalore as the most wanted tech hub in Asia, stands unshaken despite all the government apathy and infrastructural problems. With hotels being packed with jet-setting executives, builders are busy booking new projects and recruiters are running around for more manpower.

According to international real estate consultant firm Jones Lang LaSalle’s annual Investor Sentiment Survey for Asia, Bangalore, Mumbai and New Delhi are the top three investors’ choices for real estate investment in 2005. The survey also noted that investment interest in the region will continue to be robust this year with more confidence towards the retail and office property markets across the region.

The Investor Sentiment Index measures investors’ expectations of total returns (1 being positive, 2 neutral and 3 negative). The majority of the cities surveyed received a positive or neutral assessment in the short term. Bangalore and Mumbai topped the list of preferred real estate investment locations in 2005 with a sentiment index of 1.13, followed closely behind by New Delhi (1.17). JLL feels this upbeat mood can be attributed to India’s strong economic performance and its established position as an MNC offshoring destination. While the more robust real estate market in Bangalore is mainly due to its knowledge hub tag.

Jones Lang LaSalle’s Investor Sentiment Survey for Asia is conducted annually. Top executives from the most influential real estate investors – developers, real estate funds, Real Estate Investment Trusts and private investors – across the region participated in the third and recent issue of the pan-Asia survey. The survey solicits investors’ views on the outlook for various property sectors in 14 major cities across Asia and seeks to provide insights into expectations on investment returns and hence serves as a leading indicator of real estate investment sentiment and strategy.

List of Projects for the Year 2003-04

Meanwhile there are some fresh set of investments happening in the city and also around the state. This is despite all the infrastructure problems aggravated by the state government’s apathy towards the industrial sector. This compilation given in ‘Kaigarika Varthe’ published by the Karnataka State Dept of Industries and Commerce, clearly shows eagerness of both IT and non-IT companies to invest in the state. Investment is rapidly building up in sectors like pharmaceutical, garments, Iron and steel and Petroleum.

Projects Approved for Investments above 50 Crores

Issue BG51 June05