Indian realty received investment worth USD 6 billion in 2019, up by 27%
New Delhi: The real estate industry in India received investment worth USD 6 billion in 2019, up by 27 percent as compared to 2018. The industry had received USD 4.8 billion worth of investment in 2018
‘Office Sector’ and ‘Development Sites/Land’ accounted for about 40 percent each of the inflow of funds, according to real estate consulting firm CBRE South Asia Pvt. Ltd. Hotel sector accounted for about 11 percent of the inflows.
Most of the investment went to Delhi NCR, Mumbai, Bengaluru and Hyderabad. While 65 percent of the money was invested by foreign players, the domestic firms invested the rest.
“With the industry becoming more organized, transparent, and profitable, it will continue to attract investments from global as well as domestic players. The steps initiated by the government to increase liquidity in the market has also worked well in increasing the confidence of investors,” said Anshuman Magazine, Chairman and CEO, India, South East Asia, Middle East and Africa, CBRE.