Foreign investors injected a substantial $3.1 billion into the Indian real estate market during the first half of 2024, accounting for 65% of total institutional investments. According to JLL India, the overall institutional investment in real estate surged by 62% compared to the same period last year.
Key points:
- Total Institutional Investment: The total institutional investment in real estate rose to $4.76 billion in January-June 2024, up from $2.94 billion in the corresponding period of the previous year.
- Sector Breakdown:
- Warehousing: Led with a 34% share of investments.
- Residential: Followed closely with a 33% share.
- Office: Accounted for 27% of the inflows.
- Increased Confidence: Despite global uncertainties and election season, investor confidence in India remains unshaken, reflecting the country’s robust economic growth story.
- Deal Activity: H1 2024 witnessed nearly twice the number of deals compared to the same period in 2023, with an average deal size of $113 million.
- Foreign Institutional Investors (FIIs): FIIs dominated Indian investments, contributing $3.1 billion (65% share) during January-June 2024.
- Domestic Investors: Domestic investors represented 35% of the total investments, continuing the trend from the previous year.