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Odisha third highest in country in attracting real estate investment study by ASSOCHAM

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Investments attracted by the real estate sector from various public and private sources across India have declined by 6 per cent in the last four years, according to a survey by industry body Assocham.

The investment fell to Rs 14.3 lakh crore in 2014-15 from a level of Rs 15.2 lakh crore in 2011-12, the Assocham survey said.

Real estate projects involving about 76 per cent of the total investments attracted by the sector remained non-starter during the period between 2011-12 and 2014-15, it found.

On a state-wide analysis, Maharashtra (21 per cent), Uttar Pradesh (14 per cent), Gujarat (13 per cent), Karnataka (12 per cent) and Haryana (8 per cent) emerged as the top five states with the highest share in total investments attracted by the real estate sector in India as of 2014-15.

Clocking a compounded annual growth rate (CAGR) of about 82 per cent, Assam has recorded the maximum growth in attracting investments in the real estate sector during 2011-12 and 2014-15, followed by Bihar (19 per cent), Odisha (17 per cent), Uttar Pradesh (16 per cent) and Uttarakhand (12 per cent) amid top five states in this regard.

While Jharkhand (40 per cent), Himachal Pradesh (37 per cent), Madhya Pradesh (29 per cent), Haryana (16 per cent) and Gujarat (7 per cent) have registered maximum fall in real estate investments, according to the survey.

The Assocham survey drew feedback from 100 small and big companies operating in realty sector in top cities of Ahmedabad, Bangalore, Chennai, Delhi, Hyderabad, Indore, Jaipur, Lucknow, Mumbai and Pune to ascertain the implications of the Budget.

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