Surge in Real Estate Investments in India
During the April-June period of 2024, India’s real estate market witnessed a substantial inflow of $637.9 million from domestic investors. This marks a significant increase of approximately fivefold compared to the same period last year.
Overall, institutional investments in Indian real estate surged by 96% in the quarter ending June 30, 2024. The total investment reached $3.1 billion, up from $1.6 billion recorded in the second quarter of 2023.
Foreign investors played a dominant role, contributing $2,218.1 million, an increase from $1,459.2 million invested in the previous corresponding quarter. Domestic investors also contributed actively, infusing $637.9 million compared to $127 million a year ago.
Commenting on these findings, Shrinivas Rao, CEO of Vestian, stated that the Indian real estate sector attracted significant investments in Q2 of 2024. This growth was driven by foreign investors seeking opportunities amidst global economic uncertainties. Domestic investors also capitalized on the country’s strong economic growth.
The report also highlights an increase in co-investments from foreign and domestic investors, which grew from $5.5 million to $260.2 million during the period.
Rao expressed optimism about the future of the real estate sector, predicting an increase in investments driven by robust economic growth and infrastructure development.
