The Delhi-NCR region has emerged as the dominant force in India’s real estate market during the first half of 2024, attracting a remarkable USD 633.3 million in private equity investment.
According to Cushman & Wakefield, a prominent real estate consultancy, this figure represents the highest share of investment across the country, highlighting the region’s growing appeal to global investors. The surge in investment is largely driven by strong demand for prime office spaces and luxury residential properties. The office sector in Delhi-NCR alone garnered USD 483.6 million, reflecting investor confidence in the region’s burgeoning business environment. This influx is primarily due to significant equity buy-outs by major fund houses, underscoring the belief in Delhi-NCR’s commercial real estate potential.
On the residential front, the high-end and luxury segments are witnessing robust interest. This trend is being fuelled by an increasing affluent population and a growing desire for premium living spaces within the thriving metropolis of Delhi-NCR. The city’s strategic location, coupled with its dynamic market conditions, continues to attract both domestic and international investors. The positive Investment trend in Delhi-NCR is part of a broader surge in real estate investments across India. In the first half of 2024, six major Indian cities collectively attracted a total of USD 3.9 billion in real estate investments. This represents a significant uptick compared to the previous year, with multi-city deals accounting for nearly USD 1.9 billion of the total investment. Cities such as Bengaluru, Hyderabad, Chennai, Pune, and Mumbai have also seen substantial inflows, further highlighting the expanding appeal of the Indian real estate market.
The strong performance of the real estate sector is further bolstered by public investments in multi-modal economic corridors and the continued growth of infrastructure-related sectors, including logistics and industrial. These developments are creating a more resilient and attractive investment landscape, contributing to the positive sentiment among global investors. Looking ahead, analysts are optimistic about the prospects for private equity investments in India’s commercial real estate sector. The ongoing momentum is expected to carry through the year, potentially surpassing initial expectations. The current investment wave underscores a broader positive outlook for Indian real estate, promising continued economic growth and development.
