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PE investment in Indian real estate up 5x sequentially at $1.0 bn in Q1’22: Savills India

Savills India

April 18, 2022: Private equity investment inflows into the Indian real estate sector stood at USD 1.0 billion (INR 79 billion), during Q1 2022, almost 5 times the quantum recorded during Q4 2021, according to the latest report by Savills India, a global property consultancy firm. Meanwhile, PE investment in real estate witnessed a 47% dip when compared to Q1 2021.   

YearPE Investment in Real Estate India
Q1 2022USD 1.0 billion
 Q1 2021USD 1.9 billion
Q4 2021USD 218 million

As per the report, the first quarter of 2022 has already clocked in nearly one-third of the investment inflows that the sector witnessed in the entire year of 2021. Commercial office assets continued to remain the frontrunner during Q1 2022, garnering more than two-third share of the investment pie. All the quarterly investment came from foreign institutional investors and was concentrated in core office assets in Bengaluru.

Diwakar Rana

“While the pandemic had slowed the brisk activity in most real estate segments, the third wave didn’t have any notable adverse impact on the sector. Private equity investment inflows into the Indian real estate sector amounted to USD 1.0 billion in Q1 2022, almost five times the quantum recorded during Q4 2021. The continued interest from global investors in the Indian retail developments indicates the confidence of investors in this sector.” said Diwakar Rana, Managing Director, Capital Markets, Savills India.

Key transactions – India

InvestorInvestee/AssetInvestment Quantum (USD Million)
GICBharatiya City366
CPP InvestmentsSelect commercial office assets of RMZ Corp346
Abu Dhabi Investment AuthorityViviana Mall248

Source – Savills India Research