NEW DELHI: Institutional investment in India’s real estate sector rose 31% year-on-year to $4.61 billion in the January-September 2024 period on strong consumer demand, according to Bestian. Real estate consultancy Bestian on Monday released a report on “Investing in Indian Real Estate”, saying that inflows from institutional investors in the first nine months of 2024 have already exceeded the total in 2023. showed.
“Investors are expressing confidence in India’s growth story on the back of robust GDP growth.As a result, the real estate sector will see increased foreign investor participation and institutional investments will reach 10% in Q3 2024. 200 million mark,” said CEO Shrinivas Rao. Vestian said.
He pointed out that domestic investors are also actively participating, supported by the country’s rapid infrastructure development.
Institutional investment in real estate in the latest July-September period rose 41% to $960.8 million from $679.9 million in the same period last year.
However, inflows were significantly lower than the June quarter, which saw investments of $3,116.3 million.
“Amidst prevailing geopolitical challenges, India’s strong economic growth continues to attract domestic and international investors. The growing profile of office working policies and the growth of the office market are increasing investor confidence, We expect it to bring a brighter tone to the coming quarters,” Bestian said. . Despite the steep 69% quarterly decline, the consultant said the outlook remains positive.
Chennai received the most investments in Q3 2024 with a share of 48%. According to the report, most of the investment in the city was concentrated in the industrial and warehousing, commercial and residential sectors.
