India 5th in APAC for cross-border realty investments, $3 bn in H1

06 Aug 2024 CW Team

According to a study by Knight Frank India, India was ranked fifth in cross-border real estate investments within the Asia-Pacific region, capturing 9 per cent of the total investment volume in the first half of 2024. During this period, cross-border investments in the Asia-Pacific region amounted to $11.5 billion, with India receiving $3 billion from global private equity investors.

In the context of investments in Indian real estate, the office sector attracted 36 per cent of the total global capital allocation, highlighting its strong appeal. The industrial sector was the next largest recipient, with 30 per cent of the investment share, while the residential sector received 15 per cent, and retail accounted for 10 per cent.

Shishir Baijal, CMD of Knight Frank India, indicated that the anticipated economic recovery in the latter half of the year is expected to motivate more foreign private equity investors to capitalise on India's robust domestic economic conditions. This influx of investment is likely to enhance the performance of Indian real estate and sustain the growth of industry assets.

Cross-border capital flows are increasingly influencing the commercial real estate landscape in the Asia-Pacific region, with the potential for anticipated rate cuts to drive a substantial increase in cross-border investments in the latter half of 2024 compared to the same period in 2023.

Among major gateway markets, Australia is projected to attract the highest volume of cross-border investments in the second half of 2024, showing a 129 per cent increase from the previous year. For the entire year of 2024, Australia, Japan, and Singapore are expected to be the top three destinations for cross-border capital, with estimated shares of 36 per cent, 23 per cent, and 11 per cent, respectively.

Real Estate

17 Sep 2025

BlackRock India Leases 1.4 Lakh Sq Ft in Bengaluru

BlackRock Services India, the domestic arm of global asset manager BlackRock, has leased 1.4 lakh sq ft of office space at IndiQube Symphony in Bengaluru, according to Propstack data. The 10-year deal is valued at around Rs 4.10 billion.The lease, among the largest transactions in India’s co-working sector, highlights the growing preference of global institutions for flexible office providers. The agreement, commencing October 1, 2025, covers ground plus five floors in KNG Tower 1 at Ashoknagar, MG Road — one of Bengaluru’s prime commercial hubs.As per the lease document, BlackRock will ..

L&T Bags Rs 25–50 Bn Order for Mumbai-Ahmedabad Bullet Train Track Works

Larsen & Toubro’s (L&T) Transportation Infrastructure business has secured an order valued between Rs 25 crore and Rs 50 billion from the National High Speed Rail Corporation Limited (NHSRCL) for the Mumbai-Ahmedabad High Speed Rail (MAHSR) corridor.The contract, Package T1, involves the design, supply, construction, testing, and commissioning of 156 route km of high-speed ballastless track on a Design-Build Lump Sum Price basis. The stretch runs from Mumbai’s Bandra-Kurla Complex to Zaroli village in Gujarat and includes 21 km of underground track and 135 km of elevated viaduct.Se..

Govt Plans Six-Month Import Relief for E-Bus, Truck Makers

The government is considering a six-month relaxation for electric bus and truck manufacturers, allowing them to import fully assembled motors containing heavy rare earth materials without losing eligibility for incentives under the Rs 109-billion PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-Drive) scheme.The relief is expected to benefit companies such as Tata Motors, Ashok Leyland, PMI Electro Mobility, JBM Auto, EKA Mobility, Olectra Greentech, Propel, and IPLT Demo. The exemption will apply provided all other localisation requirements are met.However, officials clari..