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
Infrastructure Energy

South West Pinnacle Wins Rs 30 Cr Oman Mining Contract

South West Pinnacle Exploration Ltd has secured a Rs 30 crore contract from Minerals Development Oman (MDO) for mining exploration in concession areas 12B and 13.The two-year project will be carried out via Alara Resources LLC, a JV in Oman. MDO, backed by Oman’s investment authorities, focuses on monetising mineral wealth.The contract covers copper, gold, and chromite and highlights South West Pinnacle’s growing footprint in international exploration and mining services. ..

Next Story
Equipment

Godrej GEG Boosts Intralogistics with AI and Green Tech

Godrej Enterprises Group (GEG) is revolutionising warehouse and factory logistics through its Material Handling Equipment and Storage Solutions arms by integrating AI, IoT, and automation.With 20–25% market share and 85% local sourcing, GEG champions Atmanirbhar Bharat and sustainability. The Chennai plant, a green manufacturing leader, uses RoHS-compliant materials and has slashed energy consumption by 60%.GEG serves e-commerce, FMCG, retail, and cold chains with high-performance racking and electric forklifts. Upcoming IoT-enabled forklifts and telematics solutions aim to improve speed, sa..

Next Story
Infrastructure Urban

Amit Shah Inaugurates Key Projects Across Gujarat

Union Home Minister Amit Shah inaugurated and laid the foundation stone for various projects in Gujarat’s Panchmahal district and Ahmedabad.In Godhra, he inaugurated the Center of Excellence building, sports complex, reservoir, and Miyawaki plantation. In Ahmedabad, he unveiled a new cooperative complex in Adaroda village and a primary school in Juwal.These projects, under the Model Co-op Village scheme, aim to boost education, sustainability, and rural development across the state. ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?