Foreign investors disillusioned with real estate, investment declined by 55%. foreign institutional investors

Real estate sector is one of the fastest growing sectors in India. A major reason behind this is the increase in safe investments due to the increasing income of the people. Even today people consider investment in real estate as the safest investment, but foreign investors seem to be disillusioned with it.

Foreign investors remained cautious about real estate this year and invested only $11 million in the sector in the first quarter of 2024. Giving this information on Saturday, global property advisory firm Vestian said that institutional investment in the real estate sector declined by 55 percent year-on-year to $ 552 million in January-March.

What does the report say?

According to the report, there was investment of $ 123.83 million ($ 1.23 billion) in the real estate sector in the same period last year. According to Vestian data, institutional inflows of foreign funds into the country’s real estate sector fell 99 percent to just $11 million in the first quarter of 2024, from $791.4 million in the same period last year.

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There was a slight increase in the January-March quarter

Domestic investors invested $541.1 million in Indian real estate in January-March 2024, up 21 percent from $446.9 million in the same period last year. Vestian CEO Srinivas Rao said domestic investors are excited about India’s growth story and are continuing to invest in the real estate sector.

business worth so many crores

PropTiger.com has said in its quarterly report Real Insight Residential: January-March 2024 that in terms of value, the sale of houses stood at Rs 1,10,880 crore in January-March this year, which was Rs 66,155 crore in the same period last year. PropTiger.com has said in its quarterly report Real Insight Residential: January-March 2024 that in terms of value, the sale of houses stood at Rs 1,10,880 crore in January-March this year, which was Rs 66,155 crore in the same period last year.

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Brijesh Pratap
Brijesh Pratap

Hi, I am Brijesh Pratap, a content creator and WordPress website designer, I have been in content writing for more than 3 years. I specialize in creating engaging articles. As a WordPress expert, I design websites for businesses and bloggers, aiming for both visual appeal and impactful content. Join me on this journey of creative exploration and effective online solutions.

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