Real estate gets USD 26.7 bn equity investment in 2022-24; Mumbai attracts USD 6.7 bn: CII-CBRE
'Total real estate equity investments during CY (calendar year) 2022-24 stood at USD 26.7 billion in India. Mumbai topped the real estate equity investments with the highest inflows of USD 6.9 billion, accounting for a 26 per cent share,' the consultant said.
On Tuesday, real estate consultant CBRE and Confederation of Indian Industry (CII) released a joint report which provides a view of real estate landscape and prevailing financing strategies, including those pertaining to equity and debt investments and AIFs, among other strategic insights.
Mumbai, Apr 22 (PTI) The Indian real estate sector attracted USD 26.7 billion equity investments during the last three calendar years, with Mumbai city getting more than one-fourth of total inflows, according to a CII-CBRE report.
Together, Mumbai, Delhi-NCR, and Bengaluru attracted around USD 16.5 billion, accounting for a cumulative 62 per cent share during this period.
'This sustained dominance of gateway cities was driven by a high concentration of investment-grade projects, robust urban infrastructure, a skilled talent pool, strong demand across asset classes, and a steadily formalising real estate ecosystem,' the report 'Bricks & Billions – Mapping the Financing Landscape of Real Estate' said.
Land/developments sites attracted the largest share of equity investments, accounting for a 44 per cent share of total inflows between CY 2022-24, followed by built-up office assets, which had a 32 per cent share.
Between CY 2022 and 2024, tier-II cities accounted for nearly 10 per cent of total real estate equity investments, amounting to about USD 3 billion.
Anshuman Magazine, Chairman & CEO – India, South-East Asia, Middle East & Africa, CBRE, said, 'India's real estate sector is entering a new phase of growth, powered by robust capital inflows and a significant pool of dry powder ready for deployment.' The strong investor sentiment, especially in built-up office assets and residential developments, is underpinned by sound fundamentals and steady end-user demand, he added.
Rishi Kumar Bagla, Chairman, CII Western Region and Chairman & Managing Director, BG Electricals and Electronics, said, 'India's real estate sector is rapidly institutionalising, creating a more transparent, risk-mitigated environment that aligns with global investor expectations.' 'As the sector becomes more structured and regulated, we expect deeper participation from global funds, especially those focused on sustainability and resilience,' he added. PTI MJH MJH ANU ANU
This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Hans India
12 minutes ago
- Hans India
Renault confirms launch of strong hybrid Duster and Boreal for India in 2026
Renault has officially confirmed the launch of its next-generation Duster SUV and its seven-seater sibling, the Boreal, for the Indian market. Both models will be built on the CMF-B platform, developed in collaboration with Nissan, and are slated to hit Indian roads in early 2026. The new-gen Duster will arrive first, with the larger Boreal (based on the globally sold Dacia Bigster) following later in the year. While initial variants will feature petrol and turbo-petrol powertrains, strong hybrid options will be introduced within 6 to 12 months after the launch. Production for the India-spec models is set to commence at the Renault-Nissan plant in Chennai this September. In line with global trends and emission norms, diesel engines will not be offered. Globally, the Duster hybrid is powered by a 1.6-litre petrol engine paired with two electric motors and a 1.2 kWh battery, delivering a combined 140 bhp. It features an electric automatic gearbox, offering up to 80% pure electric drive in urban settings. The Boreal hybrid variant, known as the Dacia Bigster internationally, is expected to feature a 1.4 kWh battery, producing a total output of 153 bhp, with a 107 bhp petrol engine and a 51 bhp electric motor. Additionally, Renault is evaluating the possibility of CNG-powered variants of both the Duster and Boreal, aligning with India's growing interest in alternative fuel options. As the company continues its work on a dedicated EV, the emphasis for now will be on strong hybrids and CNG models tailored for India's evolving fuel landscape.
&w=3840&q=100)
Business Standard
14 minutes ago
- Business Standard
Mood turns sombre at Bombay House after Air India Dreamliner crash
Grief hung heavy over Bombay House, Tata Group's iconic headquarters, after a London-bound Air India Dreamliner crashed shortly after takeoff from Ahmedabad on Thursday — one of the deadliest air disasters in recent Indian aviation history. The mood inside the building, usually abuzz with activity, was subdued as news trickled in of the tragedy involving the airline the group had reacquired just over two years ago. Tata Group, which took back the reins of Air India in January 2022, moved quickly to activate its crisis response and emergency protocols, a group source said. 'Everyone is shaken — the mood is grim,' said an executive. The crash has dealt a blow to the conglomerate's efforts to turn around Air India, especially following its merger with Vistara in 2024. Tata Sons and Air India Chairman N Chandrasekaran rushed to Ahmedabad on Wednesday and met Gujarat Chief Minister Bhupendrabhai Patel to assess the situation. 'An emergency centre has been activated and a support team set up for families seeking information,' Chandrasekaran said in a statement. Tata Sons, the group's holding company, holds a majority stake in Air India alongside Singapore Airlines. Tata Trusts Chairman and Tata Sons director Noel Naval Tata, who works out of Bombay House, also monitored developments, as several planned events were called off in the aftermath. The group was scheduled to unveil a new concept car from Jaguar Land Rover on Saturday at the Jio World Centre in Mumbai. The event will go ahead as planned, but without fanfare. A UK knighthood ceremony for Chandrasekaran, scheduled for Friday, has been postponed. For Tata Group, the tragedy is a double blow. Tata AIG General Insurance Company, part of the consortium that insured the aircraft, is expected to bear a portion of the financial liability. However, most of the risk is reinsured, limiting direct exposure. A source said the airline's insurance premiums are likely to rise next year when the policy comes up for renewal. The immediate focus remains on rescue operations and supporting the investigation, even as Tata executives assess the broader impact on the group's aviation strategy. The airline, founded by the Tatas, was nationalised in 1953 and reacquired in 2022 after the Narendra Modi government decided to privatise it.
Time of India
14 minutes ago
- Time of India
Anand Mahindra on Ahmedabad plane crash: This is a devastating tragedy. Words are
Anand Mahindra about indian economy Mahindra Group chairman Anand Mahindra has expressed grief and shock following the tragic Air India flight AI171 crash near Ahmedabad's Sardar Vallabhbhai Patel International Airport . The aircraft, flight AI-171, took off from Runway 23 at 1:39 PM IST and issued a MAYDAY call shortly after, according to the Directorate General of Civil Aviation ( DGCA ). The plane crashed in the Meghani Nagar area outside the airport perimeter after reaching just 625 feet altitude, exploding in a massive fireball. Captain Sumeet Sabharwal and First Officer Clive Kundar were commanding the flight carrying 232 passengers and 10 crew members en route to London Gatwick. Read Anand Mahindra's post on Ahmedabad plane crash Taking to X (formerly Twitter), Mahindra conveyed his heartfelt condolences, reflecting the nation's collective sorrow over the devastating incident. 'This is a devastating tragedy. Words are inadequate to express the depth of sadness in my heart. Thoughts and prayers are with everyone affected by the crash: for the lives lost and those left grieving…,' wrote Mahindra Group chairman. The flight, AI171, was carrying a diverse manifest of passengers, including 169 Indian nationals and 53 British citizens. Among those reportedly on board was former Gujarat Chief Minister Vijay Rupani. The Adani Group , which operates the Ahmedabad airport, has also publicly offered its full support to authorities in rescue operations and expressed condolences to the affected families. AI Masterclass for Students. Upskill Young Ones Today!– Join Now
