Indian Real Estate Sees Inflow Of $637.9 Million From Domestic Investors In April-June: Vestian

The institutional investments in Indian real estate gained 96 per cent in the quarter ended June 30, 2024 to touch $3.1 billion, against $1.6 billion clocked in the second quarter of the previous year

Indian real estate saw an inflow of $637.9 million from domestic investors during the April-June period in the current year, data from real estate consultant Vestian revealed on Saturday. The data showed that the investment increased around fivefold on an annual basis in the second quarter of the current calendar year.

The institutional investments in Indian real estate climbed 96 per cent in the quarter ended June 30, 2024 to touch $3.1 billion, against $1.6 billion clocked in the second quarter of the previous calendar year, the data revealed. The real estate consultant released the data for institutional investments in the industry during the April-June quarter in 2024 on Saturday, reported PTI.

Commenitng on the findings, Shrinivas Rao, CEO, Vestian, noted, “The Indian real estate sector garnered significant investments in the second quarter of 2024, dominated by foreign investors as the looming uncertainty over the major economies of the world has faded away. Domestic investors actively participated to capitalize on the robust economic growth.”

During the period under review, the foreign investors poured in $2,218.1 million, up from $1,459.2 million invested in the corresponding quarter a year earlier. During the same time, domestic investors infused $637.9 million in the sector, against an inflow of $127 million logged a year earlier.

The consultant noted that foreign investors contributed to 71 per cent of the overall investments received during the April-June period in 2024, as the investors chose India to capitalise on the strong economic growth of the country. Meanwhile, domestic investors accounted for 20 per cent of the overall inflows seen in the sector during the period.

The co-investments from foreign and domestic investors climbed to $260.2 million from $5.5 million during the period under review. Sharing the outlook for the sector, Rao noted, “Investments are anticipated to increase in the upcoming quarters on the back of robust economic growth and infrastructure development.”