Real Estate Sector Attracts Record $8.8 Bn Institutional Investments
20 Dec 2024 CW Team
The year 2024 saw the real estate sector attracting institutional investments of $8.8 billion across deals. Among different asset classes, the residential segment attracted almost half of the inflows followed by office buildings at 28% and warehousing properties at 23% among others, a report by JLL has said.
JLL India has estimated the institutional investment in Indian real estate at $8.878 billion in 2024 compared to $5.878 billion in the preceding calendar year.
This figure stands as the highest on record, eclipsing the 2007 peak of $8.4 billion and represents a substantial 51% increase from the previous year’s $5.8 billion.
Also, deal activity intensified, and the year saw an increase in number of deals by 47%.
This robust performance underscores the growing confidence in Indian real estate, positioning 2024 as a pivotal year for the industry, the consultant said. Additionally, 2024 saw a total of $2.4 billion in platform commitments. These funds are earmarked for gradual investment over the coming 3-5 years.