During the period of January-June this year, private equity investors have shown significant interest in Delhi-NCR’s real estate market, with investments totaling $633.3 million. This surge in investment is attributed to the growing demand for premium office spaces and luxury residences. Cushman & Wakefield reports that out of this total investment, $483.6 million went into office assets, while $149.6 million was directed towards residential properties in Delhi-NCR.
Across six major cities, the real estate sector saw a total investment of $3.9 billion in the first half of 2024, as revealed in Cushman & Wakefield’s capital market report. Multi-city transactions accounted for a substantial portion of this investment, amounting to nearly $1.9 billion. Notable investments were seen in Bengaluru ($509.5 million), Hyderabad ($319.9 million), Chennai ($234.7 million), Pune ($151.7 million), and Mumbai ($147 million).
Somy Thomas, the Managing Director of Valuation and Advisory and Capital Markets at Cushman & Wakefield, highlighted the significant growth and investor confidence in India’s real estate market with the inflow of $3.9 billion in private equity investments during the first half of 2024. This amount has already exceeded 70% of the total investments made last year. The surge in investments is primarily being driven by infrastructure-related sectors such as logistics and industrial, supported by substantial public investments in multi-modal economic corridors.
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