Delhi, Chennai, Mumbai greenest cities in India; Globally Indian capital ranked at 63
India is projected to receive cross border real estate investment of $2.5 billion in 2022 according to Knight Frank
According to a study by property consultant Knight Frank, Delhi is the 63rd greenest city globally, while it has been ranked the greenest city for real estate in India. Following this is Chennai with a global rank of 224, Mumbai with a global ranking of 240, Hyderabad with a global ranking of 245, 259 for Bengaluru and Pune with a global rank of 260, Knight Frank said in a statement. It further stated that India is projected to receive cross border real estate investment of $2.5 billion in 2022.
Structural reforms in recent times has put India’s real estate on high trajectory attracting attention globally, said Shishir Baijal, Chairman and Managing Director, Knight Frank India. He also noted that the country’s improving pandemic scenario and coupled with policy interventions to support growth in the realty sector would help bringing in global capital.
Further, he said that the commercial real estate sector in India has created strong interest among global investors in segments led by office and warehouse. He expects that the volume and product’s quality offering will see a marked scale-up in near future, with the best-in-class global participation on capital as well as development front.
London-greenest city for real estate in the world
The top five green cities for real estate around the world were London, Shanghai, New York, Paris and Washington DC. While the top destinations for cross border real estate investment in 2022 are US, UK, Germany, France, and the Netherlands.
The consultant in its research measured 286 cities on a range of factors like well-developed public transport networks, urban green space, and a high number of green-rated buildings.