Real estate equity investments saw a strong 46% year-on-year (YoY) growth, reaching $8.9 billion in January-September 2024. This marks the highest level since CY 2018, surpassing the total equity investments for CY 2023, which amounted to $7.4 billion, CBRE said in a report. “Investment activity in India’s real estate market scaled a new peak in nine months of the current calendar year, on the back of a resurgence in capital deployment in Q2 2024 (April to June ’24),” said Anshuman Magazine, chairman & CEO-India, Southeast Asia, Middle East & Africa, CBRE. “Currently, we are experiencing an upward trend in the market, with most projects scheduled for completion within the next 2 years and ready-to-move in already being sold. We anticipate continued growth in the industry over the coming quarters,” added Sharad Mittal, founder & CEO, Arnya Real Estates Fund Advisors.
Domestic investors (predominantly developers) took the lead with a 79% share in equity capital inflows in July-September 2024. Singapore-based investors accounted for nearly 73% of the total foreign capital inflows, followed by the United States at 22%. Developer activity picked pace in the Q3 of 2024, accounting for a share of nearly 47% in total equity investments, followed by institutional & collective vehicle investors at 36%, it said.