According to a Knight Frank report, capital flows into the Indian real estate market for the year 2017 have been ten times higher than the outflows.
The report recorded $2.6 billion of inflow compared to an outbound capital flow worth $0.26 billion.
Major reforms of recent years, like the implementation of Goods and Service Tax (GST), demonetization and RERA along with other government housing policies have contributed to the improving prospects of Indian realty market.
The report states that institutional investors from United States, Canada, and Singapore collectively contribute to 84% of capital inflows into the Indian market. India stands at the 19th position among the 73 countries that attracted cross-border investment in their property markets in 2017. A cross-border capital inflow of $2.6 billion has put India ahead of its Asia Pacific regional counterparts like Malaysia, Thailand, Indonesia, Vietnam, and the Philippines.