Institutional investment in real estate up 31% to $4.61 billion in Jan-Sept 2024
Real Estate

Institutional investment in real estate up 31% to $4.61 billion in Jan-Sept 2024

Institutional investments in the Indian real estate sector increased 31 %year-on-year to $ 4.61 billion in January-September 2024 amid strong consumer demand, according to Vestian. Real estate consultant Vestian released its report on 'Investment in Indian Real Estate', observing that funds' inflow from institutional investors in the first nine months of 2024 has already surpassed the total for 2023. "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 mark in Q3 2024," Shrinivas Rao, CEO of Vestian said. He noted that domestic investors are also actively participating, supported by the rapid infrastructure development across the country.During the latest July-September quarter, institutional investments in real estate rose 41 %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. "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 coming quarters," Vestian said. Despite this significant quarterly decline of 69%, the consultant said that the outlook remains positive. Chennai received the highest investments during Q3 2024 with 48 %share. Majority of investments in the city were concentrated in industrial & warehousing, commercial, and residential sectors, the report said.

Institutional investments in the Indian real estate sector increased 31 %year-on-year to $ 4.61 billion in January-September 2024 amid strong consumer demand, according to Vestian. Real estate consultant Vestian released its report on 'Investment in Indian Real Estate', observing that funds' inflow from institutional investors in the first nine months of 2024 has already surpassed the total for 2023. 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 mark in Q3 2024, Shrinivas Rao, CEO of Vestian said. He noted that domestic investors are also actively participating, supported by the rapid infrastructure development across the country.During the latest July-September quarter, institutional investments in real estate rose 41 %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. 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 coming quarters, Vestian said. Despite this significant quarterly decline of 69%, the consultant said that the outlook remains positive. Chennai received the highest investments during Q3 2024 with 48 %share. Majority of investments in the city were concentrated in industrial & warehousing, commercial, and residential sectors, the report said.

Next Story
Products

TOTO India Launches Premium G & L Showers with Sleek Faucet Range

TOTO India has launched its G Shower and L Shower series, alongside an expanded range of GT, LH, and Pull-Out lavatory faucets. The collection blends advanced technology, refined aesthetics, and everyday comfort, staying true to TOTO’s philosophy of creating spaces that are both beautiful and functional. The G Shower series delivers the 3Rs of showering: Relaxing, Refreshing, and Revitalizing. Features include the Calming Shawl spray mode, Warm Spa technology, and multiple overhead and hand-shower options across eight finishes. The L Shower complements this with easy-to-use controls sui..

Next Story
Infrastructure Energy

Hero Future Energies Secures Funding for 120 MW Hybrid Project

Hero Future Energies (HFE), through its SPV Clean Renewable Energy Hybrid Three, has secured Rs 19.08 billion in funding from the State Bank of India (lead) and Canara Bank. The funds will be used to develop and construct HFE’s 120 MW renewable energy hybrid project at Kurnool, Andhra Pradesh. The project, contracted with SJVN, integrates wind, solar, and storage technologies to deliver reliable peak power. With a 21-year repayment period, the funding ensures timely execution and the commencement of commercial operations. The financial closure demonstrates continued lender confidence in..

Next Story
Infrastructure Energy

IOC GPS Renewables Raises Rs 8.36 billion Debt for Compressed Biogas Plants

IOC GPS Renewables Private Limited (IGRPL), a joint venture between IndianOil Corporation  and GPS Renewables, has raised Rs 8.36 billion (approx. US$ 95 million) in debt financing from Indian Bank to execute nine Compressed Biogas (CBG) projects across India.   The funding is the largest single-bank debt raise in the CBG sector and the first fully non-recourse financing in India for these projects. The plants—four in Haryana, three in Uttar Pradesh, one each in Chhattisgarh and Andhra Pradesh—will each produce 15 tonnes of CBG per day using paddy straw as feedstock. All nin..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?