Domestic Investors Account 98% Of Institutional Investments
Q1 2024 reported institutional investments of USD 552 Mn, registering a decline of 55% on year and 27% on quarter. This steep fall could be attributed to the cautious approach of foreign investors amid global macroeconomic uncertainty, as per Vestian. On the other hand, domestic investors showcased resilience and accounted for 98% of the total institutional investments received in the current quarter. Although the share has increased from 36% a year earlier, investments in value terms increased by only 21%. Domestic investors invested around USD 541 Mn across multiple deals during Q1 2024. Commercial assets (office, retail, co-working, and hospitality projects) garnered the highest investments of USD 232 Mn in Q1 2024, closely followed by residential assets at USD 225 Mn. Despite an increase in the share of commercial investments to 42% in Q1 2024 from 39% a year earlier, they declined by 52% in value terms. Similarly, the share of residential investments also increased to 41% in Q1 2024 from 27% in Q1 2023. However, investments declined by 33% annually in value terms. Investments significantly decreased by 73% in the industrial and warehousing sector in Q1 2024 over the previous year. Bengaluru dominated the institutional investments in Q1 2024 with USD 299 Mn, followed by NCR at USD 110 Mn. Both the cities together accounted for around 74% of the total investments received in the current quarter. Edelweiss Capital turned out to be the most active investor during the quarter with over USD 300 Mn worth of investments across the asset classes and geographies.
Tags : institutional investments office retail co-working hospitality projects