Institutional investments in Delhi-NCR's real estate market jumped 2.5 fold year-on-year to USD 754 million during January-September. The total investments in Indian real estate rose 18 per cent to USD 3.6 billion during January-September this year, from 3.03 billion in the corresponding period of the previous year. The inflows were driven by the office sector that accounted for 50 per cent share.
As per the data, Delhi-NCR attracted institutional investments worth USD 754 million during the first nine months of this year, compared to USD 301 million in the year-ago period.
In Bengaluru, investments grew 18 per cent to USD 375 million from USD 317 million. Chennai witnessed a sharp jump in inflows to USD 345 million from USD 98 million.
Institutional investments in the Mumbai real estate market rose 5 per cent to USD 477 million, from USD 452 million, but fell 96 per cent in Pune to USD 9 million from USD 232 million.
Hyderabad and Kolkata have not received any investments during January-September this year, as against USD 486 million and USD 105 million respectively in the year-ago period.
The sentiment of global investment firms to invest in India remains strong in spite of global slowdown trends, he said, adding that the current state of economics, with respect to inflation and interest rates, is not perceived to have a long-term impact.
Domestic investors have become more active in the market, with their investment inflows accounting for 18 per cent share during January-September 2022 compared to 14 per cent share during the same period last year.
By LNN (Liyaans News Network)