The joint report by industry body the Confederation of Indian Industry (CII) and property consultant JLL has indicated that the real estate sector in India attracted an investment of around Rs 24,011 crore during the first half of 2018 (H1 2018), boosted by a rise in consumer confidence on account of the implementation of the Real Estate (Regulation and Development) Act or RERA and stable capital values.
According to a CII-JLL report, IT parks and commercial real estate got the biggest investment share of $2,000 million or around Rs 13,151 crore, followed by retail real estate at around $300 million or Rs 1898 crore. It also noted that the year 2017 witnessed some large deals between institutional investors and Indian companies, with private equity investments in real estate touching $44 billion.
The report further anticipated that investment flows will continue on a healthy course and this has been substantiated by the H1 data of 2018 with cumulative PE investments crossing $45 billion. Besides, it showed that housing sales in India’s top seven cities rose 25 percent in the first half of 2018, which have started to show an upward trend.