Foreign institutions remain bullish on Indian real estate
The average deal size increased 8% to $119 million.
Foreign institutional investors continued to be the largest contributors with a 63% share of the total investments, according to data from JLL India. Interestingly, the market also witnessed a significant increase in investments from domestic domiciled investors.
Their share at 37% was higher than the average of 19% in the previous five years.
Experts expect the investment activity in the sector to remain strong.
«The prospect for the domestic economy currently remains bright, and we are expecting this optimistic trend to continue in CY 2024. While the upcoming elections may cause delays in decision-making, the India growth story will continue to be robust, driven by its inherent strengths and continued focus on economic development,» said Lata Pillai, senior managing director & head of capital markets at JLL India.
