Blitz Bureau
NEW DELHI: Private equity (PE) investments in the Indian real estate sector surged 15 per cent (year-on-year) to $3 billion in the first half this year, from $2.6 billion in H1 2023, a report showed on July 17. The warehousing sector accounted for the largest share of 52 per cent of total PE investments in the January-June period, followed by residential (29 per cent) and office (20 per cent), according to the latest data from Knight Frank India.
PE investments in the residential sector also saw a significant increase of over 209 per cent to $854 million in H1 2024, from $277 million in H1 2023. “The Indian commercial real estate continues to thrive due to factors like a return to work, rising office absorption and strengthening rental values,” said Shishir Baijal, Chairman and Managing Director, Knight Frank India.
Similarly, a year-on-year strengthening of the residential market and continued consumer activities in retail further bolstered by economic growth has incentivised funds to adopt a long-term perspective towards investment in real estate. The residential sector attracted an investment of $854 million in H1 2024, marking a staggering 209 per cent increase.
