Singapore, US, and Canada Lead Indian Real Estate Market in 2024
January 10th, 2025 – CBRE South Asia Pvt. Ltd., India’s leading real estate consulting firm, released its latest report, 'Market Monitor Q4 2024 – Investments'. The report highlights the dominance of Singapore, US, and Canada in foreign equity investments
Indian Real EstateForeign Equity InvestmentsCbreSingaporeUsReal EstateJan 10, 2025
Ltd., India’s leading real estate consulting firm, unveiled its latest report, ‘Market Monitor Q4 2024 – Investments’.
The report highlighted that Singapore, the United States, and Canada were the top contributors to foreign equity investments in the Indian real estate market in CY 2024.
These three countries collectively accounted for more than 25% of the total equity investments in the country’s real estate sector in 2024.
Singapore led with a 36% share of the total foreign equity investments, followed by the United States with 29%, and Canada with 22%.
The report also noted a significant rise in investments from the United Arab Emirates (UAE) compared to the previous year.
The total equity investment in Indian real estate reached an all-time high of $11.4 billion in 2024, marking a 54% increase year-over-year.
Domestic investments continued to be the primary driver, with a 70% share of the total equity investments in 2024.
The remarkable surge in investment inflows reflects the unprecedented growth of India’s real estate market, driven by increased capital deployment in built-up assets and sustained momentum in the acquisition of land and development sites.
Developers were the leading investors, accounting for 44% of the total equity investments, followed by institutional players at 36%, corporations at 11%, REITs at 4%, and other categories at 5%.
In terms of asset classes, equity investments were predominantly in land and development sites, which accounted for 39% of the total share.
The office sector followed closely at 32%, retail at 9%, residential at 8%, industrial and logistics (I&L) at 6%, hotels at 2%, and other segments making up more than 4%.
Mumbai and Delhi-NCR were the top destinations for investment inflows, each capturing 25% of the total.
Bengaluru, Chennai, and Hyderabad also saw significant investments, with shares of 14%, 8%, and 6%, respectively.
During the October-December 2024 quarter, total equity investment in real estate stood at $2.5 billion, representing a 91% year-over-year growth.
This impressive growth underscores the sustained investor confidence in India’s real estate market, driven by favorable economic conditions and strategic capital deployment across key sectors.
Anshuman Magazine, Chairman & CEO of CBRE for India, South-East Asia, Middle East & Africa, said, 'We expect to see sustained momentum in investment activity, particularly in built-up office assets and residential development sites.
The increasing focus on e-commerce and quick commerce is set to drive robust growth in the logistics and warehousing sector, creating new opportunities for both developers and investors.'
Gaurav Kumar, Managing Director of Capital Markets and Land at CBRE India, added, 'We will continue to witness significant growth momentum in investment activity from both institutional investors and domestic developers.
This is being driven by a surge in real estate development activity, backed by healthy demand for office, residential, mixed-use, and industrial & logistics spaces.
Further, segments such as retail and hospitality are expected to experience renewed interest as the market continues to diversify and adapt to evolving consumer and business needs.'
CBRE South Asia Pvt.
Ltd.
is a leading real estate consulting firm in India, providing comprehensive services in property management, investment, and market research.
With a strong presence across major cities, CBRE aims to deliver innovative and sustainable solutions to meet the diverse needs of its clients in the real estate sector.
Frequently Asked Questions
Which countries dominated foreign equity investments in the Indian real estate market in 2024?
Singapore, the United States, and Canada dominated foreign equity investments in the Indian real estate market in 2024, collectively contributing more than 25% of the total equity investments.
What was the total equity investment in Indian real estate in 2024?
The total equity investment in Indian real estate reached an all-time high of $11.4 billion in 2024, marking a 54% increase year-over-year.
Which asset class attracted the most equity investments in 2024?
Land and development sites attracted the most equity investments in 2024, accounting for 39% of the total share.
Which cities were the top destinations for investment inflows in 2024?
Mumbai and Delhi-NCR were the top destinations for investment inflows in 2024, each accounting for 25% of the total. Bengaluru, Chennai, and Hyderabad also saw significant investments.
What sectors are expected to drive growth in the Indian real estate market in the coming years?
The increasing focus on e-commerce and quick commerce is expected to drive robust growth in the logistics and warehousing sector. Additionally, office, residential, mixed-use, and industrial & logistics spaces are expected to see continued growth.
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