The investments settle at $2.73 billion with a 30% reduction.
The flow of investments from overseas into the domestic real estate sector has come down by at least 30% this year when compared to the flow of overseas investments into this sector in 2022.
The sector attracted $3.96 billion in 2022, compared to $2.73 billion in 2023. At the same time, the domestic investment flow into the real estate sector almost doubled.
In 2022, domestic investments in the real sector were valued at $687 million, but they grew to $1.51 billion last year, according to a disclosure made by real estate consultant The Westin.
The organisational investments in real estate recorded a drop of 12% in 2023 to settle at $4.3 billion from the previous $4.9 billion.
Westin CEO Srinivasa Rao has attributed the drop in the flow of overseas investments into the real estate sector to the wait-and-watch attitude adopted by overseas investors due to the prevailing global situation.
In 2023, investments dropped to a five-year low, yet the flow of investments in the proposed real estate projects is set to increase because of the better performance of the Indian economy.
The year 2019 saw the real estate sector attract organisational investments to the tune of $6.5 billion. However, in 2020, the investments dropped to $5.9 billion. Further, in 2021, the investments further nosedived to $4.8 billion.
