Singapore, US, Canada biggest foreign investors in Indian realty in 2024

Bengaluru: Singapore, US, and Canada dominated foreign equity investments in the Indian real estate market in 2024, as per a report by real estate consulting firm CBRE out on Friday.

Investments from the UAE also witnessed a significant uptick in 2024.

Singapore accounted for a 36 per cent share of the total foreign equity investments in 2024, followed by the US at 29 per cent, and Canada at 22 per cent.

These three countries cumulatively contributed over 25 per cent of the total equity investments (both domestic and foreign) in the country’s real estate in 2024. Overall, domestic investments remained the primary driver, with a 70 per cent share in total equity investments in 2024.

Total equity investment in Indian real estate recorded an all-time high of $11.4 billion in 2024, up 54 per cent year-on-year (YoY). During the fourth quarter of the calendar year (October to December 2024), total equity investment in real estate stood at $2.5 billion, marking a 91 per cent YoY growth.

This surge in investment inflows reflects the growth of India’s real estate market in 2024, driven by a resurgence in capital deployment across built-up assets and sustained momentum in the acquisition of land/development sites. The investment activity is expected to maintain its positive trajectory in 2025.

"We expect to see sustained momentum in investment activity, particularly in built-up office assets and residential development sites. The increasing focus on e-commerce and quick commerce is set to drive robust growth in the logistics and warehousing sector, creating new opportunities for both developers and investors," said Anshuman Magazine, Chairman and CEO, India, Southeast Asia, Middle East and Africa, CBRE.

Mumbai and Delhi-NCR were the top destinations for investment inflows in 2024, each accounting for 25 per cent of the total. They were followed by Bengaluru at 14 per cent.