PE investments in Indian real estate touch $3.4 billion in 2022: Savills India
Savills India expects $3.5 billion - $4.0 billion of private equity investments in Indian real estate in 2023.
NEW DELHI: Private equity investments inflows into the Indian real estate sector stood at $3.4 billion (Rs 271 billion) at the end of 2022, according to the latest data by Savills India, a global property consulting firm.
Data suggests that commercial office assets remained the frontrunner during 2022 , garnering about half (45%) of the investment pie. Residential and retail sector also witnessed robust growth, riding high on the end-user’s demand.
"Commercial office remains the preferred investment product in India which absorbs around a third of the total APAC office demand by space. With the increase of office REITs, this trend will grow as domestic investor participation increases," said Diwakar Rana, managing director (Capital Markets) of the company.
The company expects $3.5 billion - $4.0 billion of private equity investments in real estate in 2023.
Credit To: ET Realty,