Realty Investments See 45% Growth in September Quarter
Institutional investment in real estate sector grows to $1.1 billion in Q3 2024, driven by office and residential segments.
Real EstateInstitutional InvestmentOffice SegmentResidential SegmentChennaiMumbaiReal EstateOct 02, 2024
The office segment accounted for a substantial 54% of the total investments during the quarter, followed by residential with a 33% share. Notably, investments in the office segment doubled on a sequential basis and rose by 6.8X against the same period last year.
Residential inflows during Q3 2024 were particularly driven by domestic capital, with domestic investments accounting for 44% of the total inflows during the quarter. This trend suggests that domestic investors are increasingly optimistic about the Indian real estate market.
Chennai and Mumbai, two of India's major cities, together accounted for about 57% of the total inflows during Q3 2024, backed by key acquisitions in the office segment. These cities have emerged as hubs for commercial and residential activity, attracting significant investment.
At $4.7 billion, the investments of the first three quarters of 2024 are almost at par with the corresponding period in 2023. This indicates a steady growth in institutional investment in the real estate sector, despite any market fluctuations.
Information
The Indian real estate sector has been witnessing a gradual recovery since the pandemic. With the government's initiatives to boost the sector, such as the introduction of REITs (Real Estate Investment Trusts) and the relaxation of FDI norms, the sector is expected to attract more institutional investment in the coming years.
JLL is a leading professional services firm specializing in real estate and investment management. With a presence in over 80 countries, JLL provides expert advice to clients on all aspects of the real estate market.
Frequently Asked Questions
What was the growth rate of institutional investment in the real estate sector in Q3 2024?
The growth rate was 45% to $1.1 billion.
Which segment accounted for the largest share of total investments during Q3 2024?
The office segment accounted for 54% of the total investments.
What drove residential inflows during Q3 2024?
Domestic capital drove residential inflows, accounting for 44% of the total inflows.
Which cities accounted for the largest share of total inflows during Q3 2024?
Chennai and Mumbai together accounted for about 57% of the total inflows.
What was the total investment in the real estate sector in the first three quarters of 2024?
The total investment was $4.7 billion.
Related News Articles
Mumbai Police Seek Extradition of Lawrence Bishnoi's Brother Anmol Following US Alert
Mumbai police have made a move to extradite Anmol Bishnoi, the brother of Lawrence Bishnoi, following a recent alert from the United States. This development comes as part of an ongoing investigation into a major financial scam.
How U.S. Foreign Investment Policies Could Reshape NRI Investment in Indian Real Estate
NRIs are increasingly focusing on premium commercial properties and luxury residential markets in cities like Mumbai, Delhi-NCR, and Bangalore, driven by new U.S. foreign investment policies.
Godrej Properties Q3 Earnings Soar: Profit Jumps 161.19% to Rs 162.64 Crore
Godrej Properties, one of India's leading real estate developers, has reported a significant surge in its Q3 earnings, with profits jumping 161.19% to Rs 162.64 crore. The company remains on track to meet its ambitious targets, backed by a strong launch p
Godrej Properties Sets New Sales Record with Rs 28,800 Crore in 2024
Godrej Properties has achieved a record-breaking sales figure of Rs 28,800 crore in 2024, outpacing other leading real estate companies in India. This significant achievement is driven by robust demand across major cities.
Luxury Homes, Toxic Air: Nithin Kamath Highlights Urban Pollution Paradox
Nithin Kamath, a prominent real estate analyst, has brought attention to a concerning trend in India's urban landscape. Despite the surge in luxury homes in major cities like Delhi, Mumbai, and Bengaluru, these cities are grappling with severe air polluti
Golden Abodes Launches Luxury Residences in Pune: A New Era of Premium Living
Pune: Golden Abodes, a renowned luxury real estate developer, has unveiled its latest project in Pune, marking a significant milestone in the city's premium housing market. This new development promises to redefine the standards of luxury living in the re