Real estate investments in India surged to record high in 2022: Report

ANI
28 Jan 2023, 01:18 GMT+10

New Delhi [India], January 27 (ANI): Investments in Indian real estate grew 32 per cent on a yearly basis to an all-time high of USD 7.8 billion, data put out by leading real estate consulting firm CBRE South Asia Pvt. Ltd showed.

On a quarterly basis, investments stood at USD 2.3 billion in the October-December quarter, a quarterly increase of 64 per cent. On a year-on-year basis, they were 115 per cent higher during the December quarter.

"Foreign investors took the lead with a 57 per cent share in the overall investment volume in 2022. Investors from Canada accounted for nearly 37 per cent of the foreign capital inflows, followed by those from the US (15 per cent)," the consulting firm said in a release.

Domestic investors contributed the remaining 40 per cent of the total investment in 2022. Delhi-NCR led investment activity, followed by Mumbai; cumulatively, the two cities accounted for about 56 per cent share of the investments in 2022.

"The record investment inflows, the highest ever for the sector, reflect the resilience and growth potential of the Indian real estate sector," said Anshuman Magazine, Chairman and CEO - India, South-East Asia, Middle East and Africa, CBRE.

"Undeterred by global headwinds, equity inflows into the sector are expected to remain steady in 2023," said Magazine.

Going ahead, capital flows are likely to remain steady. However, it said investors may also remain cautious amidst recessionary fears in the US and Europe. (ANI)

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Canada Standard.

More Information

7 ℃

Fair in Ottawa/Macdonald

International

Section

Polish government bans all Russian-registered passenger cars

WARSAW, Poland: As part of European Union (EU) sanctions imposed against Russia over its invasion of Ukraine, Poland banned all ...

Over 10,000 Alabama 3rd graders may be held back due to reading law

MONTGOMERY, Alabama: Last week, Alabama's school chief, Superintendent Eric Mackey, said that under new reading benchmarks to move to fourth ...

Federal Reserve losses surpass $100 billion, and still rising

WASHINGTON D.C.: Last week, the Federal Reserve said its losses surpassed the US$100 billion mark and will likely continue to ...

US approves drone munition sales worth US$313.4 million to Canada

ARLINGTON, Virginia: This week, the U.S. State Department approved the potential sale of drone-related munitions and other systems to Canada ...

US NIH starts early-stage trials of flu vaccines on humans

BETHESDA, Maryland: This week, the US National Institutes of Health (NIH) said that it started early-stage human trials on FluMos-v2, ...

Hawaii governor reports updated wildfire deaths at 97, 33 missing

MAUI, Hawaii: Hawaii Governor Josh Green has announced that the death toll from last month's deadly fire on Maui has ...

Sports

Section