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Delhi-NCR attracted the highest private equity investment in the real estate market of India, with USD 633.3 million during January-June 2024, as per the Cushman & Wakefield's report. Office assets received USD 483.6 million, while the residential sector collected USD 149.6 million, particularly in luxury housing. The rise in investment is driven by high demand for prime office spaces and strategic location advantages. Across six major cities, total investments reached USD 3.9 billion, with multi-city deals dominating. Experts anticipate continued momentum in Delhi-NCR, highlighting its infrastructure, connectivity, and appeal to businesses and investors as key growth factors.
Delhi-NCR's real estate market attracted significant private equity (PE) investments in the first half of 2024, totalling USD 633.3 million, according to a report by Cushman & Wakefield. This figure represents the highest PE investment among India's major cities during the January-June period, driven by growing demand for prime office space and luxury housing. The report highlights that out of the total investment, USD 483.6 million was directed towards office assets, while the residential sector, particularly in the high-end and luxury segment, received USD 149.6 million. Advertisement
The rise in investments in Delhi-NCR can be assigned primarily to the office segment, which has seen major equity buy-outs by prominent fund houses. The residential sector also continues to attract attention, particularly in the luxury housing market, as the region's strategic location and infrastructure appeal to both investors and homebuyers. Across six major Indian cities, the total PE investment in real estate reached USD 3.9 billion during the first six months of 2024. Multi-city deals played a significant role in this inflow, contributing nearly USD 1.9 billion. In comparison, other cities like Bangalore, Hyderabad, and Chennai attracted USD 509.5 million, USD 319.9 million, and USD 234.7 million, respectively, while Pune and Mumbai saw investments of USD 151.7 million and USD 147 million.
Somy Thomas, Managing Director of Valuation & Advisory and Capital Markets at Cushman & Wakefield, noted that the USD 3.9 billion of PE inflows in the first half of 2024 already surpassed 70% of last year's total, reflecting strong growth and investor confidence in India's real estate market. He emphasised that this surge is largely driven by infrastructure-related sectors such as logistics and industrial, bolstered by substantial public investments in multi-modal economic corridors. Thomas expects the positive momentum to continue throughout the year, potentially exceeding initial expectations for PE investments in the commercial real estate sector.
In summary, Delhi-NCR's real estate market has seen remarkable private equity investment in the first half of 2024, totalling USD 633.3 million. This surge, led primarily by investments in office assets and luxury residential properties, highlights the region's appeal due to its strategic location, robust infrastructure, and vibrant economy. The strong performance is reflective of increased investor confidence and growing demand in the sector, with expectations for continued growth throughout the year. The region's solid foundation and future prospects make it a prime destination for further real estate investments.
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