Delhi-NCR Leads India's Real Estate Investment Surge with $633.3 Million in H1 2024
Delhi-NCR attracts highest private equity investment in India's real estate market, with $633.3 million in H1 2024, driven by demand for prime office spaces and luxury housing.
Real EstatePrivate EquityDelhincrIndiaCushman WakefieldReal Estate NewsAug 26, 2024
The report highlights that out of the total investment, $483.6 million was directed towards office assets, while the residential sector, particularly in the high-end and luxury segment, received $149.6 million. The rise in investments in Delhi-NCR can be attributed primarily to the office segment, which has seen major equity buy-outs by prominent fund houses.
The residential sector also continues to attract attention, particularly in the luxury housing market, as the region's strategic location and infrastructure appeal to both investors and homebuyers. Across six major Indian cities, the total PE investment in real estate reached $3.9 billion during the first six months of 2024. Multi-city deals played a significant role in this inflow, contributing nearly $1.9 billion.
Somy Thomas, Managing Director of Valuation & Advisory and Capital Markets at Cushman & Wakefield, noted that the $3.9 billion of PE inflows in the first half of 2024 already surpassed 70% of last year's total, reflecting strong growth and investor confidence in India's real estate market. He emphasized that this surge is largely driven by infrastructure-related sectors such as logistics and industrial, bolstered by substantial public investments in multi-modal economic corridors.
Thomas expects the positive momentum to continue throughout the year, potentially exceeding initial expectations for PE investments in the commercial real estate sector. In summary, Delhi-NCR's real estate market has seen remarkable private equity investment in the first half of 2024, totalling $633.3 million. This surge, led primarily by investments in office assets and luxury residential properties, highlights the region's appeal due to its strategic location, robust infrastructure, and vibrant economy.
The strong performance is reflective of increased investor confidence and growing demand in the sector, with expectations for continued growth throughout the year. The region's solid foundation and future prospects make it a prime destination for further real estate investments.
Information
Cushman & Wakefield is a leading global real estate services firm, providing a wide range of services, including valuation, advisory, and capital markets.
Cushman & Wakefield is a leading global real estate services firm that delivers exceptional value for real estate occupiers and investors. With approximately 53,000 employees in over 400 offices and 60 countries, the firm helps clients transform the way people live, work, and shop.
Frequently Asked Questions
What was the total PE investment in Delhi-NCR's real estate market in H1 2024?
$633.3 million
What was the largest segment of PE investment in Delhi-NCR's real estate market in H1 2024?
Office assets, with $483.6 million
What was the total PE investment in India's real estate market across six major cities in H1 2024?
$3.9 billion
What is driving the surge in PE investments in India's real estate market?
Infrastructure-related sectors such as logistics and industrial, bolstered by substantial public investments in multi-modal economic corridors.
What is the outlook for PE investments in Delhi-NCR's real estate market for the rest of the year?
Positive momentum is expected to continue, potentially exceeding initial expectations for PE investments in the commercial real estate sector.
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