The Indian realty sector witnessed a growth in equity investments, reaching $8.9 billion (about Rs 74,815 crore) in the first three quarters of 2024. This is a significant increase compared to $7.4 billion (around Rs 62,210 crore) in 2023, showing a year-on-year growth of 46 per cent, as per a report by CBRE South Asia. The report highlights a sizeable quarterly equity investment of $2.6 billion (Rs 21,857 crore) between July and September 2024. Mumbai, Bengaluru, and Chennai were the leading cities, contributing to 66 per cent of these inflows. They attracted $0.96 billion (Rs 8,070 crore), $0.40 billion (Rs 3,362 crore), and $0.34 billion (Rs 2,858 crore), respectively.The increase in investment was mainly driven by domestic investors, especially construction companies, which made up nearly 79 per cent of the equity inflows during this time. Among foreign investors, Singapore and the US contributed 73 per cent and 22 per cent of the total inflows among foreign investments.Developers made up about 47 per cent of total equity investments, a substantial increase during the quarter. Institutional and collective investors made up about 36 per cent. “Investment activity in the Indian real estate market reached a new high in 9M 2024 on the back of a renewed increase in capital deployment in Q2 2024 (Apr-Jun ’24),” Anshuman Magazine, Chairman and CEO – India, South East Asia, Middle East and Africa, CBRE was cited by ANI. In the third quarter, 45 per cent of the total investments were directed towards land and development, making it the most appealing segment. The office sector received 24 per cent of investments, while retail captured 22 per cent. Of the capital, 56% was spent on land acquisition for residential development while the remaining was used for retail, data centers, warehousing projects, hospitals, and more. The trend of investing in metropolitan and Tier-I cities is expected to continue, but there is growing interest in smaller Tier-II cities, especially following the recent SEBI rule on small and medium-sized real estate mutual funds.
You may also like
Lebanon's Nabatiyeh mayor killed in Israeli strikes as Hezbollah strongholds targeted
'Assisted dying would have ended my mum's misery - she begged to be put to sleep'
A Milestone for Women and Child Welfare: Foundation Laid for India's First Punyashlok Ahilyadevi Bhavan
Britain's Got Talent fans divided after first-look at new judging panel unveiled
Fuel tanker explosion in Nigeria kills over 90
Samsung workers decide to call off strike after thirty-eight days
Dhanteras: 29 or 30 October! When is Dhanteras? Know the date and auspicious time of worship
PM Modi renews his membership as BJP's first active member
Truecaller Introduces UPI-Based Verified Badges For Premium Users, Know All About Its Features
Incredible 1,200-mile train ride that's one of the longest in Europe and costs just £18
Ministry of Home Affairs seeks reports on series of bomb hoax calls to airlines
Amazon slashes prices on best-selling Ariel laundry pods to match Costco's rates
Primark shoppers love £12 slippers that look just like Ugg Tasman's
'This Majority Sierra Plus soundbar transformed my budget TV – but there was one major flaw'
Karnataka CM Siddaramaiah's close aide steps down as MUDA chairman amid land allotment scam probe
World Bread Day: Eight Iconic Breads from Around the World
Garden fans love leaf blower and vacuum that's 'lightweight and easy to use'
Sir Alex Ferguson offers Thomas Tuchel alternative to Man Utd despite brutal axe
INDvNZ, 1st Test: Day 1 Play Called Off Due To Rain In Bengaluru
Chelsea still have to fix huge problem after Todd Boehly forced to shell out £30m