Domestic investors infuse $638 mn in realty sector in Apr-Jun: Report

Domestic investors pumped USD 637.9 million in the Indian real estate during April-June -- a fivefold jump on annual basis -- expecting better returns amid strong demand, according to Vestian.

Real estate consultant Vestian on Saturday released data for institutional investments in real estate during the second quarter of 2024 calendar year.

As per the data, institutional investments in the Indian real estate rose 96 per cent in April-June to USD 3.1 billion from USD 1.6 billion in the corresponding period of the previous year.

Shrinivas Rao, CEO, Vestian said, "The Indian real estate sector garnered significant investments in the second quarter of 2024, dominated by foreign investors as the looming uncertainty over the major economies of the world has faded away."

Moreover, he said, domestic investors actively participated to capitalize on the robust economic growth.

As per the data, foreign investors infused USD 2,218.1 million in April-June as against USD 1,459.2 million in the