Indian Real Estate Investments Surge 46% in 2024
By Rediff Money Desk, New Delhi Oct 14, 2024 15:43
Equity investments in Indian real estate reached USD 8.9 billion in Jan-Sep 2024, driven by strong office leasing, disposable income, and consumer spending.
New Delhi, Oct 14 (PTI) Equity investments in Indian real estate rose 46 per cent to USD 8.9 billion during January-September this year, according to CBRE.
Real estate consultant CBRE noted that the equity investment in real estate is the highest since 2018 calendar year.
Equity investments include those by private equity funds, pension funds, sovereign wealth funds, institutional investors, real estate developers, real estate fund-cum-developers, investment banks, corporate groups, and REITs, etc.
As per the data, the equity investments in real estate stood at USD 5.8 billion in 2018; USD 6.4 billion in 2019; USD 6 billion in 2020; USD 5.9 billion in 2021; USD 7.8 billion in 2022; and USD 7.4 billion in 2023 calendar year.
Investment activity in India's real estate market scaled a new peak in January-September 2024, on the back of a resurgence in capital deployment during the June quarter, Anshuman Magazine, Chairman & CEO - India, South-East Asia, Middle East & Africa at CBRE, said.
"Sustained capital inflows are expected in both traditional and emerging sectors in the upcoming quarters, while institutional and collective vehicle investors, along with developers, are expected to drive the overall capital flows," Magazine said.
The equity investments in real estate stood at USD 2.6 billion during the July-September 2024 period.
Domestic investors (predominately developers) took the lead with around 79 per cent share in equity capital inflows in July-September 2024.
"A rebound in the office leasing market, strong disposal incomes and an unprecedented risk appetite for consumer spending and home buying have led to a record flow of investments in the first nine months of 2024," Gaurav Kumar, Managing Director, Capital Markets and Land at CBRE India, said.
"As India's demographic profile continues to pay rich dividends and an affordable talent pool keeps adding at a fast pace, we expect sustainable and rapid growth in India's residential, retail, office, and logistics sectors," he added.
Real estate consultant CBRE noted that the equity investment in real estate is the highest since 2018 calendar year.
Equity investments include those by private equity funds, pension funds, sovereign wealth funds, institutional investors, real estate developers, real estate fund-cum-developers, investment banks, corporate groups, and REITs, etc.
As per the data, the equity investments in real estate stood at USD 5.8 billion in 2018; USD 6.4 billion in 2019; USD 6 billion in 2020; USD 5.9 billion in 2021; USD 7.8 billion in 2022; and USD 7.4 billion in 2023 calendar year.
Investment activity in India's real estate market scaled a new peak in January-September 2024, on the back of a resurgence in capital deployment during the June quarter, Anshuman Magazine, Chairman & CEO - India, South-East Asia, Middle East & Africa at CBRE, said.
"Sustained capital inflows are expected in both traditional and emerging sectors in the upcoming quarters, while institutional and collective vehicle investors, along with developers, are expected to drive the overall capital flows," Magazine said.
The equity investments in real estate stood at USD 2.6 billion during the July-September 2024 period.
Domestic investors (predominately developers) took the lead with around 79 per cent share in equity capital inflows in July-September 2024.
"A rebound in the office leasing market, strong disposal incomes and an unprecedented risk appetite for consumer spending and home buying have led to a record flow of investments in the first nine months of 2024," Gaurav Kumar, Managing Director, Capital Markets and Land at CBRE India, said.
"As India's demographic profile continues to pay rich dividends and an affordable talent pool keeps adding at a fast pace, we expect sustainable and rapid growth in India's residential, retail, office, and logistics sectors," he added.
Source: PTI
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
You May Like To Read
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- Srestha Finvest
- 0.85 ( -4.49)
- 60128195
- Vodafone Idea L
- 9.10 ( -0.87)
- 30647821
- Standard Capital
- 1.51 (+ 19.84)
- 30506923
- SRU Steels
- 8.11 ( -9.08)
- 27907590
- Rajnish Wellness
- 2.91 ( -8.20)
- 27783162
MORE NEWS
Cement Industry Growth to Slow to 7-8% in FY25:...
Crisil predicts cement industry growth to slow to 7-8% in FY25, reaching 475 MT, citing...
Logistics Automation Startups Raise Funding:...
Logistics automation startups Elixia, Perceptyne and Adloggs have raised a combined USD...
Commodities Prices in Bengaluru - Oct 14
Check out the latest commodity prices in Bengaluru, including rice, wheat, pulses,...