Indian Real Estate Sees USD 1.56 Billion Deal Surge in Q2 2024

The Indian real estate market experienced a substantial surge in activity during the April-June period, with deals totalling USD 1.56 billion, according to a Grant Thornton report. This spike represents an almost eight-fold increase from the preceding quarter.

The report, titled 'Real Estate/REITs Dealtracker-Providing M&A and PE deal insights,' reveals that the sector saw 19 deals in the second quarter of this year. Notably, the January-March quarter only saw transactions worth USD 200 million.

Shabala Shinde, Partner and Real Estate Leader at Grant Thornton Bharat, attributed this surge to a robust economic recovery, heightened investor confidence, and favourable government policies. Significant growth in both domestic transactions and private equity investments have set a strong trajectory for the market.

(With inputs from agencies.)