India's real estate market witnessed $2.77 billion investment during Q2 2024
India's real estate market witnessed a surge in investments during Q2 2024, attracting USD 2.77 billion, according to Cushman & Wakefield's report.
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This influx propelled the total investments for the first half of 2024 to a record-breaking USD 3.9 billion. According to the report, the second quarter's performance marks a 1.5x increase in comparison to the previous quarter and a substantial 39% growth year-on-year, demonstrating continued investor confidence in the Indian real estate market.
“USD 3.9 billion of private equity inflows during the first half of 2024, already surpassing 70% of last year's total, highlights the remarkable growth and investor confidence in India's real estate market. This surge is primarily driven by infrastructure-related sectors like logistics and industrial, fueled by significant public investments in multi-modal economic corridors,” said Somy Thomas, Managing Director, Valuation & Advisory and Capital Markets, Cushman & Wakefield.
In terms of cities, Delhi-NCR emerged as the top destination for private equity investments in Q2, attracting USD 532 million and capturing 19% of the total share of investments. This marks a significant 74% year-on-year increase.
The city maintained its lead in H1 as well, securing USD 633 million of inflows, or 16% share of the record USD 3.9 billion investment in the
