Infrastructure projects in south Indian cities have
attracted 70 percent of the private sector investment in the last four years
due to better state policies and faster rising per capita income, a study has
said. Around 12 real estate firms including Tata Housing Development Company,Golden Gate Properties and Puravankara Projects have announced their projects
worth Rs 12,990 crores of which Bangalore got the maximum of six realty projects, while Hyderabad and Chennai got five and one respectively. Also with
the increase in business travel, southern India is considered as prime tourists' destination and thereby the hospitality projects have attracted a
considerable sum of investment. Three hotel projects are being planned by hotel
industry majors in the tier- I cities in South India, amounting Rs 5,375
crores. Southern cities like
Hyderabad, Bangalore and Chennai have accounted for 70
percent of the total private investment in infrastructure projects, out of the six metro cities in India while Kolkata, Mumbai and Delhi, account for the
remaining 30 per cent.
In the past four years, private sector has invested Rs
33,161 crore in three metros of South India compared to Rs 14,240 crore of
infrastructure investments in other tier-I citiesr' According to the industry
body, better state policies, availability of talent due to engineering and
business institutes, high literacy rates, and faster rising per capita income
in southern states, are the primary attraction for the private sector to pump
their funds here. After infrastructure projects, SEZs attract the most funding
in these cities. The investments in SEZ projects had the share of 36 per centin total private infrastructure investment.
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