Foreign Investors Dominate with $3.1 Billion in Indian Real Estate in H1 2024

Foreign investors injected USD 3.1 billion into Indian real estate in the first half of 2024, representing 65% of total institutional investments. According to JLL India, total institutional investments in real estate rose by 62% compared to last year. Warehousing, residential, and office sectors led the inflows.

Foreign investors infused USD 3.1 billion into Indian real estate during the first half of 2024, according to data from JLL India. This figure accounts for 65% of the total institutional investments.

JLL India's report, released on Friday, revealed that the total institutional investment in real estate surged by 62% to USD 4,760 million in January-June 2024, compared to USD 2,939 million during the same period last year.

In contrast, Colliers India reported a 6% decline in total institutional investments in real estate, amounting to USD 3,523.6 million for the first half of 2024, versus USD 3,764.7 million in the year-ago period.

JLL India highlighted that institutional investments in real estate reached USD 4.8 billion in January-June 2024.

This represents 81% of the total investments in 2023, which were USD 5.8 billion. 'Unshakeable investor confidence in India prevails amidst global uncertainties and the election season, exemplifying the country's robust economic growth story,' the consultant stated.

Warehousing led the total inflows with a 34% share, followed by residential at 33%, and office at 27%.

The first half of 2024 saw nearly double the number of deals compared to the same period last year, with an average deal size of USD 113 million.

'Foreign Institutional Investors (FIIs) dominate Indian investments, amounting to USD 3.1 billion or 65% of total investments in January-June 2024,' JLL reported.

In 2023, domestic investors accounted for 37% of investments, a trend that seems to continue with a 35% share in H1 2024.