India’s real estate sector continues to flourish, with domestic investors injecting approximately $638 million (Rs 5,327 crore) in the second quarter of 2024, a significant increase from $127 million in the same period last year. According to Vestian, a leading real estate consultant, institutional investments in the sector surged by 96% to $3.1 billion in the April-June period, up from $1.6 billion in the same period in 2023.
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Shrinivas Rao, CEO of Vestian, attributed the growth to the fading uncertainty in major global economies, leading to increased investments in Indian real estate. Foreign investors dominated the landscape, accounting for 71% of total investments in Q2 2024. The industrial and warehousing sector saw a significant deal worth $1.5 billion, contributing 48% to the total investments.
According to a Hurun report, India’s real estate market is poised to become Asia’s capital, with companies worth $36 billion in 2024. The sector is expected to grow, with residential sales projected to increase by 10-12% in FY2024-25. The expansion of national highways by 200,000 km by 2037 is also expected to boost the growth of micro cities and add value to India’s real estate sector.
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