Real estate investment in real estate grew 5x sequentially in March quarter: report

Private equity investment inflows into India’s real estate sector amounted to $1 billion in the March quarter, almost five times the December quarter, according to a report by Savills India, a global investment company. real estate advice. However, private equity investment in real estate saw a 47% drop from the March 2021 quarter.

Private equity investment in Indian real estate in the December 2021 quarter was $218 million, down from $1.9 billion in the March quarter last year .

Commercial office assets remained in the lead during the last quarter, collecting more than two-thirds of the investment pie. All quarterly investments came from foreign institutional investors and were concentrated in core office assets in Bengaluru, the report noted.

Unwavering interest from global investors in retail developments in India, coupled with confidence that retail consumption will rebound once the Covid-19 pandemic is over, marked the biggest acquisition of a retail asset in the world. operational retail in India for the past 5 years, said Savills India.

According to the report, the first quarter of calendar year 2022 (Q1 2022) has already seen almost a third of the investment inflows the sector has witnessed throughout 2021.

Commercial office assets remained in the lead during the first quarter of 2022, collecting more than two-thirds of the investment pie. All quarterly investments came from overseas institutional investors and were concentrated in core office assets in Bangalore.

“While the pandemic had slowed brisk activity in most real estate segments, the third wave did not have a noticeable negative impact on the sector. The continued interest of global investors in Indian retail developments indicates investor confidence in this sector,” said Diwakar Rana, Managing Director, Capital Markets, Savills India.

Key transactions during the quarter included GIC’s $366 million investment in the town of Bhartiya in Bengaluru, CPP Investments’ $346 million investment in certain commercial office assets of RMZ Corp and the investment of $248 million from the Abu Dhabi Investment Authority in Viviana Mall.

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