Equity Investments In Realty Set To Cross $10 Bn In 2024: Report

Hyderabad: CBRE South Asia Pvt Ltd, a real estate consulting firm, and Confederation of Indian Industries (CII), on Wednesday released a joint report titled, ‘Leading the Charge: Crafting the Skylines of Tomorrow’ at the annual CII Realty 2024 conclave. The CBRE-CII joint report highlighted the real estate growth in India, key trends, and projections for the sector. The event was inaugurated by D Thara, Additional Secretary, Ministry of Housing and Urban Affairs, Government of India, in the presence of Anil Saraf, Chairman, CII NR Committee on Real Estate and CMD ASF Group and Mr Ashwinder R Singh, Co-Chairman, CII NR Committee on Real Estate and Vice Chairman and CEO, BCD Group, Kalyan Chakrabarti, Conference Chairman and CEO, EMAAR India among others.

As per the report, overall equity investments in 2024 in the real estate sector are set to hit a new record surpassing $10 billion for the first time. With a resurgence in investment inflows in built-up office assets and a strong acquisition pipeline for land in the residential sector, overall equity investments in CY 2024 would be anticipated to in the $10–11 billion range.

This year, institutional and collective vehicle investors continued to be a major source of capital deployment in the Indian real estate sector, accounting for nearly 40 per cent of the overall investments from January to September 2024. Developer companies led the total capital inflows with more than 41 per cent share in this period.

Domestic investors (predominantly developers) invested nearly $6 billion during the first nine months of the calendar year, dominating the overall capital inflows with an almost 65 per cent share. In comparison, foreign investors contributed about $3.1 billion during the same timeframe. Notably, North American and Singaporean investors were the significant contributors, representing approximately 85 per cent of all foreign capital inflows.

Equity capital inflows touched $8.9 billion between January and September, registering a 46 per cent Y-o-Y growth.