Real estate sector is soon expected to witness the glorifying performance and emerge as a positively flourishing sector worldwide. According to the recent PwC report titled ‘Real Estate 2020’ the global investments in realty segment is expected to soon shoot up by 55 percent to US$ 45.3 trillion by 2020.
The report further outlined that the developing economies from the Asia-Pacific regions, including India, is likely to witness an increase an investments by 140 percent to US$10.2 trillion by 2020 from US$ 4.3 trillion marked in 2012.
Shashank Jain, Executive Director (Capital Markets) PwC opined rapid urbanization and demographic changes as major contributory factors in driving the substantial investment growth to be witnessed in the realty industry over the next six years.
The report also foresees investments sourced from Asia-Pacific regions to outpace developed regions like US, Europe, Latin America, Middle East and North African regions.