Real estate in India records $3.4 bn capital inflows in H1 2022
Financial Express
Sanjeev Sinha
Despite the economic deceleration, Q2 2022 proved to be a strong quarter for the Indian real estate industry. Almost all real estate sectors reported a sturdy growth in leasing activity on both annual as well as quarterly basis, with office and retail posting a triple-digit rise in H1 2022 on a Y-o-Y basis. This strong growth could be attributed to the gradual release of pent-up demand, which is manifesting itself despite inflationary trends in the economy as the country continues to return to normalcy.
Enthused by the robust recovery of the real estate sector in India, capital inflows in this space in H1 2022 stood at USD 3.4 billion, up by 42% on a half-yearly basis and 4% Y-o-Y. On a quarterly basis, the capital inflows in Q2 2022 stood at USD 2 billion, an increase of 47% over Q1 2022. Delhi-NCR, Chennai and Mumbai dominated total investment quantum in Q2 2022, with a cumulative share of about 90%, according to CBRE’s ‘India Market Monitor – Q2 2022’ report.
