Realty Sector Sees 22 Pc Growth At $6.5 Bn In 2024, Foreign Inflows Surge
Realty Sector Sees 22 Pc Growth At $6.5 Bn In 2024, Foreign Inflows Surge
New Delhi: Led by the industrial and warehousing segment, the institutional investments in Indian real estate touched $6.5 billion inflows in 2024, a substantial 22 per cent increase from the previous year's $5.4 billion, according to a report. Overall, at $4.3 billion, foreign inflows continued to drive annual real estate investments at 66 per cent share, while domestic investments too witnessed a steady rise, surging 27 per cent during the year, according to the report by Colliers India.
Mumbai, with about $1.6 billion inflows, accounted for 24 per cent of the real estate investments in the country last year. Investment inflows in Bengaluru, Chennai and Delhi NCR also remained steady and accounted for 8-9 per cent share each during the year.The fourth quarter of 2024 was particularly robust, with investments reaching $1.9 billion — a 2.3 times increase compared to the same period in 2023.