ahmedabad gujarat had the maximum share about 41 of new investments in the real estate sector across india during the last fiscal a survey by associated chambers of commerce and industry of india assocham said on monday overall realty in india attracted new investments worth over rs 42000 crore as on march 2013 which slipped from over rs 92600 crore a year ago according to a real estatespecific analysis carried out the industry body while most states have seen a decline in new investments in realty gujarat has seen a surge of over 700 as the state attracted investments worth over rs 17000 crore as of march 2013 from just over rs 2000 crore a year ago said d s rawat national secretary general of assocham kerala is another state which has seen massive growth of over 550 in attracting new investments in real estate followed by uttarakhand at 400 and rajasthan at 175 most other states have seen a 50 dip in investments according to the survey apart from gujarat states like maharashtra over 17 karnataka 10 tamil nadu 8 and uttar pradesh over 6 are among the top five states with the maximum share of new investments in real estate across india with a share of about 15 gujarat is second only to maharashtra which has the maximum share of about 20 of the total outstanding investments worth over rs 14 lakh crore attracted by the real estate sector across india as of march 2013 the real estate sector in india has of late been plagued by serious problems like falling sales rising construction costs dampened market sentiment overall sluggish economic growth high interest rates high inflation and poor industrial production iip due to which leading players had to sell off land to reduce debt private equity players trimmed exposure to the realty sector and a general slowdown in various industries hit commercial real estate rawat said