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Investment inflows into Indian real estate in 2023 were at the highest level since 2020, according to real estate consultancy Colliers. In 2023, these inflows amounted to $5.4 billion, an increase of 10% compared to 2022. In this sector, the office sector remained his largest contributor in 2023, accounting for his 56% of total inflows.
The main sources of foreign capital in Indian real estate were Canada and Singapore. These two countries accounted for 78% of global real estate inflows to India in 2023. Furthermore, the influx of real estate from Asia-Pacific countries is increasing year by year, and in 2023 it jumped 3.6 times compared to 2020.
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“Investors continue to view India favorably due to strong economic performance, improved regulatory framework and sustained demand across various real estate segments,” the report said.
However, inflows from the United States decreased in 2023 compared to 2020.
In 2023, India also had the highest allocation to office space. This accounted for $3 billion of the $5.4 billion total investment in the sector.
Also read: Gurugram home sales to increase by 13% in 2023;7-8% fall in Noida: Anarock.
“Global institutional investors continued to focus on building office portfolios in India as 2023 witnessed record office space leasing activity.Of the total real estate inflows in 2023, office-led investments accounted for 56%. In addition to the expected momentum in alternative assets, office-led investments continued to focus on building office portfolios in India.”In the coming quarters, industrial and warehousing, residential In addition to this, the office sector will continue to dominate India’s real estate investment ecosystem,” said Vimal Nadar, Senior Director and Head of Research, Colliers India.
The second highest inflows were seen in the industrial and warehousing asset class. Inflows into this sector increased by 108% to $877.6 million in 2023, compared to $421.8 million in 2022. This is believed to be due to the expansion of the industrial sector due to rising consumption levels.
Colliers said: “As micro-fulfillment centres, dark stores and AI-driven supply chains become an integral part of the industrial and warehousing sector, foreign investment in this sector is expected to increase several times over the next few years. “
The third highest allocation was made to the housing asset class. Inflows in 2023 were between $788 million and $9 million, an increase of 20% compared to $655.6 million in 2022.
Related article: Residential real estate momentum in 2023 is strongest in 10 years as demand recovers
“Looking ahead to 2024, investment activity is likely to continue unabated on the back of strong domestic economic fundamentals, while technology and environmental, social and corporate governance strategies (Capital) Markets and Investment Services), Colliers India.
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