Foreign investments in built Indian realty projects jumped 52% at Rs 18,600 cr
Mumbai: Foreign investments in completed real estate properties in India jumped 52 percent at Rs 18,600 cr in the first half of 2021 as compared to the same period of 2020.
A majority of these investments have been made in non-CBD areas in various cities for many years now. But the investors are now looking for office projects either in land or under-construction projects. Investment in office spaces accounted for 35 percent of the overall investments, according to a report by Colliers.
There is a belief indicated in the long-term resilience of the sector by the patterns of investment. Although, many companies are looking to pivot to a hybrid work model.
“There is a huge potential for global funds in India. Office assets will continue to gain fervour from investors due to the steady returns from the asset class, and opportunity to bundle the assets under a REIT. Global funds are also looking to form investment platforms with developers, as they look to build their capabilities in sectors such as industrial and warehousing space, buoyed by the growth in e-commerce and the need for same-day delivery” said Ramesh Nair, Chief Executive Officer, India & Managing Director, Market Development, Asia.