New Delhi, Oct 21
Institutional investments in India's real estate sector witnessed an annual growth of 41 per cent in Q3 2024, reaching $0.96 billion.
However, it sharply declined from the $3.1 billion record investments received in the previous quarter, according to a report.
A Vestian Research report said that despite this significant quarterly decline of 69 per cent, the outlook remains positive as investment nearly touches a billion mark.
"The significant uptick in investments compared to the previous year is a testament to India’s robust economic growth amid prevailing geopolitical challenges. As a result, the share of foreign investors increased from 27 per cent in Q3 2023 to 46 per cent in Q3 2024," it said.
"Conversely, the share of domestic investors declined to 43 per cent in Q3 2024 from 71 per cent in the same quarter a year earlier. However, the decrease was only 15 per cent in terms of value," the report said.
Vestian CEO Shrinivas Rao said: "Investors have shown confidence in India’s growth story on the back of robust GDP growth. As a result, the real estate sector witnessed increased participation from foreign investors which led to institutional investments touching a billion mark in Q3 2024."
"Additionally, domestic investors are also actively participating, supported by the rapid infrastructure development across the country," he added.