Institutional investments jumps 21% in Indian realty in Q1 of 2121: JLL

New Delhi: The institutional investments jumped 21 percent at USD 922 million in the Indian real estate sector in the first quarter (January-March quarter) of the current calendar year 2021.

The commercial properties led the pack with USD 864 million worth of transactions. This was 94 percent of the total institutional investments by value in the first quarter. The residential segment got about USD 58 million, according to a report by JLL. 

The current increase in corona cases is likely to delay the investment pipeline during the second quarter of the current calendar year. 

“Institutional investment momentum continued during the first quarter of 2021, registering 21 percent growth in volume at $922 million, indicating the sustained investor interest in India’s real estate market,” said Samantak Das, Chief Economist and Head of Research & REIS (India), JLL.

The office space developers in the country liquidated their property portfolios to deleverage or to raise growth capital. 

The housing segment is still experiencing last-mile funding deals for the completion of the projects.