NEW DELHI: Mumbai topped the real estate equity investments with the highest inflows of $6.9 billion, accounting for 26% share in the total real estate equity investments between CY 2022-24, according to a report by CBRE South Asia & Confederation of Indian Industry (CII).
Together, Mumbai, Delhi-NCR, and Bengaluru attracted around $16.5 billion, accounting for a cumulative 62% share during this period.
Rishi Kumar Bagla, chairman, CII Western Region and chairman & MD, BG Electricals and Electronics, said, “With 1 in 5 investors prioritising green buildings, ESG-led investment strategies are no longer optional—they are central to long-term value creation. As the sector becomes more structured and regulated, we expect deeper participation from global funds, especially those focused on sustainability and resilience.”
Land/developments sites attracted the largest share of equity investments, accounting for a 44% share of total inflows between CY 2022-24, followed by built-up office assets, which had a 32% share. Total real estate equity investments during CY 2022-24 stood at USD 26.7 bn in India.
Rami Kaushal, MD, Consulting & Valuation Services, India, Middle East, Africa, CBRE, said, “With land acquisition and platform-level investments already gaining traction, we anticipate increased investor interest in these future-ready asset classes.”
Between CY 2022 and 2024, tier-II cities accounted for nearly 10% of total real estate equity investments, amounting to approximately $3 billion. During this period, land/developments sites emerged as the leading investment sector in tier-II cities, attracting approximately 47% share of the total tier-II capital inflows, followed by the industrial and logistics (I&L) sector, which accounted for around 25% share.
