Summary:

According to a Cushman & Wakefield report, India's real estate industry experienced a significant boost in the second quarter of 2024, attracting $2.77 billion. This brought total investments for the first half of 2024 to a record $3.9 billion, marking a 1.5x increase over the previous quarter and a 39% YoY rise. Mr. Somy Thomas of Cushman & Wakefield attributed the surge to infrastructurerelated sectors such as logistics and industrial, driven by substantial public investments in multimodal economic corridors, reflecting strong investor confidence.

In the second quarter, Delhi-NCR led private equity investments with $532 million, capturing 19% of the total and showing a 74% year-over-year growth. It maintained its lead in H1 2024, securing $633 million, or 16% of the record $3.9 billion. The office segment contributed to the increase, with significant equity buyouts and growing interest in high-end residential properties. Bengaluru and Hyderabad followed with 13% and 8% of the investments, respectively. Multi-city deals accounted for 48% of the total. The Logistics and Industrial sector dominated with 56% of investments, while foreign investors contributed 76.3% of the total.

Source: IBEF 

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