Institutional investments in realty dive

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CHENNAI: Institutional investments in the real estate sector during the Jan-March (Q1) quarter recorded a two-year dip and witnessed a 40% fall in Q1 of 2024 at close to $1 billion as against $1.6 billion during the same period last year. In Q1 2022, the institutional investments recorded an inflow of $1.2 billion.
However, the investments rose by 21% on a sequential basis over Q4 of CY2023 at $822 million.It is expected to improve further this year, in view of investors in the Asia-Pacific (APAC) region and domestic players are likely to increase their investments in the Indian realty sector.
A report by Colliers, a diversified professional services and investment management company, on Tuesday said foreign investments retained their dominance, forming 55% of the total inflows during the Jan-March quarter. The share of domestic inflows in the overall institutional investments continued to rise to 45% in Q1 2024, compared to 24% in the year-ago period.
At $0.6 billion, the office sector accounted for 57% of the total investment inflows during Q1 2024.
During the period, Hyderabad and Pune collectively attracted more than 50% of the investment inflows in the country, drawing substantial capital into office space and industrial & warehousing assets.

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