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.

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