Rs 9,600 crore investments from July to September
Increased demand for luxury homes and offices
Our real estate sector has made a remarkable impact in attracting investments. In the July-September quarter of this year, institutional investors invested nearly $1.15 billion (approximately Rs 9,600 crore). Last year during the same period, investments were $793.4 million (around Rs 6,625 crore), indicating a 45% increase this time, according to Colliers India.
Institutional investors have made significant investments, driven by strong demand for luxury homes and office spaces. Looking at the sectors, the office sector received the highest investments of $616.3 million (Rs 5,150 crore) in Q3, which is seven times more than the $79.1 million recorded in the previous Q3.
In the residential sector, investments also increased by 40%, totalling $384.8 million (Rs 3,215 crores). In the third quarter of last year, only $274.6 million was invested in the residential sector. However, investments in the industrial and warehousing sector dropped significantly by 72%, limited to $95.2 million (Rs 795 crore), compared to $340.3 million (Rs 2,840 crore) in last year’s Q3.
Mixed-use projects saw a doubling of investments, reaching $52.4 million (Rs 438 crore), compared to just $27.2 million in the previous year’s Q3. There were no investments in alternative asset classes like data centres, life sciences, senior housing, holiday homes, student housing, and schools, which had received $72.2 million last year.
Domestic investments accounted for 44% ($0.5 billion) of the total investments in the real estate sector. Piyush Gupta, Managing Director of Colliers India Capital Markets, stated that the consistent flow of institutional investments into the domestic real estate market reflects investor confidence.
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