Foreign Investors Pour $436 Million into Indian Real Estate in Q3 2024, Up 139%
The Indian real estate sector attracted foreign institutional investments of $436 million in Q3 2024, marking a 139% increase from the same period last year. Overall, the sector saw institutional investments totaling $0.96 billion.
Foreign InvestmentReal EstateQ3 2024Institutional InvestmentsIndiaReal EstateOct 21, 2024
Overall, the sector received institutional investments amounting to $0.96 billion during Q3 2024, a 41% increase year on year (Y-o-Y) but a 69% decline quarter on quarter (Q-o-Q). The share of foreign investors in the total investment rose from 27% in Q3 2023 to 46% in Q3 2024, driven by India's robust economic growth and the favorable geopolitical environment.
Domestic investors, on the other hand, saw their share of the pie shrink from 71% in Q3 2023 to 43% in Q3 2024, a reduction of about 15% in terms of value. Shrinivas Rao, FRICS, Chief Executive Officer at Vestian, commented,
Frequently Asked Questions
How much foreign institutional investment did the Indian real estate sector receive in Q3 2024?
The Indian real estate sector received $436 million in foreign institutional investments in Q3 2024.
What was the percentage increase in foreign investment compared to the same period in 2023?
The foreign investment in the Indian real estate sector increased by 139% compared to the same period in 2023.
What was the total institutional investment in the sector during Q3 2024?
The total institutional investment in the Indian real estate sector during Q3 2024 was $0.96 billion.
What was the main reason for the increase in foreign investor participation?
The main reason for the increase in foreign investor participation was India's robust economic growth amid prevailing geopolitical challenges.
Which city received the highest share of investments in Q3 2024?
Chennai received the highest share of investments, accounting for about 48% of the total investments in Q3 2024.
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