India’s Real Estate Sector Bags $26.7 Billion Equity, Mumbai Takes Lion’s Share

A recent joint report by CBRE and CII has revealed that India’s real estate sector attracted a total of USD 26.7 billion in equity investments from calendar year 2022 to 2024. Mumbai emerged as the frontrunner, garnering USD 6.9 billion—more than one-fourth of the total equity inflows—demonstrating the city's magnetism for capital allocation in the property market.

Big 3 Cities Secure 62% of All Investments

Alongside Mumbai, Delhi-NCR and Bengaluru collectively received about USD 16.5 billion, accounting for 62% of the total inflow. The report attributes this strong performance to the presence of investment-grade developments, urban infrastructure, skilled talent, and consistent demand across asset classes.

Land and Office Assets Command Majority Share

During the period under review, land and development sites attracted the highest proportion of investments, capturing a 44% share, followed by built-up office assets which secured 32% of the total equity.

Tier-II Cities Emerge on Investment Radar

Interestingly, emerging Tier-II cities collectively brought in nearly USD 3 billion, forming around 10% of the overall equity investments—an indicator of expanding investor interest beyond metros.

Institutionalisation and Global Alignment on the Rise

CBRE’s Anshuman Magazine noted that the real estate market in India is transitioning into a phase marked by strong capital flow and an abundance of deployable capital. He highlighted that demand in built-up office spaces and residential sectors continues to show resilience, backed by sound fundamentals.

Echoing a similar sentiment, CII Western Region Chairman Rishi Kumar Bagla emphasized that the sector’s rapid institutionalisation is making it more transparent and attractive to global funds—especially those eyeing sustainable and resilient assets.

Disclaimer: The information provided in this article is based on publicly available data, reports, and statements from industry sources such as CBRE and CII. While we strive for accuracy and timeliness, we do not guarantee the completeness or reliability of the information. Readers are advised to conduct their own research or consult financial and real estate professionals before making any investment decisions. This article is for informational purposes only and does not constitute financial advice or a recommendation.