Indian Real Estate Market Sees Surge in Foreign Investment in H1 2024
Foreign investors poured in $3.1 billion in Indian real estate during the first half of 2024, representing 65% of total institutional investment.
Real EstateForeign InvestmentIndian EconomyJll IndiaColliers IndiaReal EstateJul 05, 2024
The total institutional investment in real estate rose 62% to $4.76 billion in January-June 2024, compared to $2.93 billion in the same period last year. This surge in investment is a testament to the country's robust economic growth story, despite global uncertainties and the election season.
The warehousing sector led the way, accounting for 34% of investments, followed closely by residential (33%) and office (27%) segments. The number of deals nearly doubled in the first half of 2024, with an average deal size of $113 million.
Foreign Institutional Investors (FIIs) dominated the investment landscape, accounting for $3.1 billion, or 65% of the total investments in January-June 2024. Domestic investors, on the other hand, represented a 35% share of investments.
In contrast, another property consultant, Colliers India, reported a 6% decline in total institutional investment in real estate at $3.52 billion during the first half of 2024, compared to $3.76 billion in the year-ago period.
JLL India noted that this surge in investment is a sign of
Frequently Asked Questions
What was the total institutional investment in Indian real estate in H1 2024?
$4.76 billion
What percentage of total institutional investment was accounted for by foreign investors in H1 2024?
65%
Which sector led the way in terms of investments in H1 2024?
Warehousing
What was the average deal size in H1 2024?
$113 million
What was the share of domestic investors in total investments in H1 2024?
35%
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