NEW DELHI: Singapore, US, and Canada dominated foreign equity investments in the Indian real estate market in 2024, according to a report by CBRE.
These three countries cumulatively contributed more than 25% of the total equity investments in the country’s real estate in 2024.
Singapore accounted for a ~36% share of the total foreign equity investments in 2024, followed by the United States with a ~29% share and Canada with ~22%.
Investments from the UAE also witnessed a significant uptick in 2024 compared to the last year.
Total equity investment in Indian real estate recorded an all-time high of US $11.4 billion in 2024, up ~54% year-on-year.
Anshuman Magazine, chairman & CEO – India, South-East Asia, Middle East & Africa, CBRE said, “We expect to see sustained momentum in investment activity, particularly in built-up office assets and residential development sites. The increasing focus on e-commerce and quick commerce is set to drive robust growth in the logistics and warehousing sector, creating new opportunities for both developers and investors.”
Domestic investments remained the primary driver, with a ~70% share in total equity investments in 2024.
Developers led the way in capital inflows, capturing ~44% of the total equity investments in 2024, followed by institutional players at ~36%, corporations at ~11%, REITs at ~4%, and other categories
comprising ~5%.
Mumbai and Delhi-NCR were the top destinations for investment inflows in 2024, each accounting for ~25% of the total. They were followed by Bengaluru at ~14%, Chennai at ~8%, and Hyderabad at ~6%.
During Oct-Dec ’24 quarter, total equity investment in real estate stood at $2.5 billion, marking an impressive ~91% year-on-year growth.
