devdiscourse.com-India's Real Estate Boom: Record Investments and Expanding Horizons
India's real estate sector has witnessed a historic surge, with equity inflows reaching an unprecedented $8.9 billion in the first nine months of 2024, marking a 46% increase compared to the previous year, as per a CBRE report. Forecasts suggest equity investments could soar to $10-11 billion by the end of the year, driven by heightened interest in tier-II and tier-III cities. Delhi-NCR led the way, attracting 26% of total investments, followed closely by Mumbai and Bengaluru.
The lion's share of investments - around 70% - targeted land development and office spaces, with residential projects accounting for 64% of land-related inflows. Foreign investors, predominantly from North America and Singapore, contributed $3.1 billion, reaffirming India's global allure. The industrial and logistics sector saw robust leasing activity, reaching 27.5 million square feet, with Delhi-NCR, Kolkata, and Bengaluru contributing 61% of the total demand.
