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Construction : Web Exclusive | May 2013 | Source : Construction Update

Maha attracts highest investment in real estate: Report

An investment of Rs 3 lakh crore has been attracted by Maharashtra into its real estate sector. The investment is highest among states in India. However, the slowdown in real estate was visible as new investments in this sector dropped by 55 per cent to Rs 7,000 crore from Rs 16,000 crore the previous year. These are the findings of a study conducted by Associated Chambers of Commerce and Industry of India (ASSOCHAM), which tracked the investments in the real estate sector.

ASSOCHAM said that the realty sector accounts for over 11 per cent share in total outstanding investments worth over Rs. 122 lakh crore attracted by different sectors from various public and private sources across India. However, the new investments in real estate have dried by over 54% as the sector has been jostling with slowing sales and rising inventories.

Maharashtra, Gujarat, Haryana, Karnataka and Andhra Pradesh are the top five states with highest shares for attracting maximum outstanding investments in the real estate segment across India. Besides, these five states account for over 70 per cent of the total outstanding investments attracted by the realty sector across India.

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