Indian Real Estate gets $ 4.61 billion Institutional Investment during Jan-Sep period

An institutional investment in the Indian real estate sector has increases by 31% year-on-year to $ 4.61 billion in the month of January-September 2024 amid strong consumer demand.

Vestian who is a real estate consultant release a report on ‘Investment in Indian Real Estate’, observing that funds inflow from institutional investors in the first nine months of 2024 that has already surpasses the total for 2023.

Mr.Srinivas Rao, CEO of Vastian, says that "Investors have shown confidence in India's growth story on the back of robust GDP growth. As a result, the real estate sector witnessed increased participation from foreign investors which led to institutional investments touching a billion marks in Q3 2024".

He also noted that domestic investors are also actively participating and supported by the rapid infrastructure development across the country.

During the latest July-September quarter, institutional investments in real estate rose  by 41 per cent to $960.8 million from $679.9 million in the year-ago period.

The inflow however fell sharply from June quarter that saw an investment of $3,116.3 million.

Vastian also says that,’’ amid prevailing geopolitical challenges, India's robust economic growth continues to attract both foreign and domestic investors. Rising prominence of work-from-office policies and growing office markets are expected to boost investor confidence, setting a positive tone for company’’.

 Despite this significant quarterly decline of 69 per cent, the consultant said that the outlook remains positive. According to the report, ‘Chennai received the highest investments during Q3 2024 with 48 per cent share. Majority of investments in the city were concentrated in industrial & warehousing, commercial, and residential sectors’.