The real estate sector saw a surge in institutional investments in the July-September period, data from consultant Colliers India revealed. The data showed that the investments in the sector soared 45 per cent to touch $1.15 billion in the period, against $793.4 million funds invested in the sector during the corresponding period a year earlier.
This growth was backed by investors wanting to cash in on the robust demand for premium homes and offices, Colliers revealed. Amongst the different asset classes, the study showed that office segment remained the most popular amongst investors, reported PTI.
The investment in the office segment touched $616.3 million during the third quarter of the current calendar year, against $79.1 million reported in the July-September period a year earlier.
In the residential segment, the investors poured in $384.8 million in the period under review, jumping 40 per cent from $274.6 million infused in the segment during the year-ago period. Meanwhile, the industrial and warehousing segment saw a decline in fund flow by 72 per cent at $95.2 million, from $340.3 million logged in the corresponding quarter a year earlier.
On the other hand, alternate assets such as life sciences, senior housing, data centres, student housing, holiday homes, and schools didn’t get any funding from investors in the period under review, in comparison to $72.2 million recorded in the same quarter a year earlier.
