Mumbai continues to enjoy as being the most-preferred location for institutional investment in real estate. As per a recent report, Mumbai alone has attracted 53 percent (almost USD 2 billion) of total real estate investment that has happened in 2018 so far.
The findings are a part of the report titled “Indian real estate and construction: Consolidating for growth,” which was released at the Real Estate and Infrastructure Investor’s Summit 2018 held in Mumbai on Sept. 27, Thursday. The report was compiled by KPMG along with NAREDCO and APREA.
The report states that out of USD 4 billion invested in Indian real estate so far, almost USD 2 billion has been invested in Mumbai alone. MMR is followed by Bengaluru, which grabbed 19 percent of the pie while Hyderabad sits at 18 percent of the total real estate investment.
In Mumbai, most of the investment has come from foreign investors and has happened in commercial projects. In fact, over 90 percent of the foreign investment has preferred commercial projects across Mumbai, Pune, Bengaluru, and Hyderabad, as per the report.
On the contrary, domestic investors have equally preferred commercial as well as residential projects.
The report states that Indian real estate has attracted over $4 billion investments from institutional investors in the year 2018 so far. Out of this USD 4 billion, nearly 44 percent comes from the foreign investors, primarily from U.S., Canada, and Singapore.
While Mumbai continues to be the most preferred location for a foreign investor, Hyderabad and Bengaluru turned out to be the most preferred location for domestic investors.
The report also mentions that the average deal size in 2018 has tripled to $157 million from $47 million in 2016. In fact, Indian real estate has witnessed billion dollars plus deals happening in Mumbai and Gurgaon in 2018. Read the complete report here.