<p>The commercial segment of the Indian real estate sector bagged a lion’s share of 88 per cent of the total institutional investments into the sector in the first quarter of the current fiscal, a new report by property consultancy Vestian revealed on Tuesday. This figure stood at 39 per cent in the fourth quarter of FY23.</p>.<p>Overall institutional investments into the sector reached $1.6 billion during the period, registering a 33.3 per cent increase versus the first quarter of 2023. </p>.<p>“This upward trajectory in investments demonstrates renewed interest from institutional investors amidst the challenging macroeconomic landscape,” said Vestian chief executive Shrinivas Rao, adding that the surge suggests a significant upside potential for the overall sector.</p>.<p><strong>Also Read | <a href="https://www.deccanherald.com/business/economy-business/gst-collection-rises-11-to-over-rs-165-lakh-crore-in-july-1242806.html">GST collection rises 11 per cent to over Rs 1.65 lakh crore in July</a></strong></p>.<p>Betting on India’s positive growth story, foreign investors contributed a dominating share of 92 per cent , the report noted. About 94 per cent of the investment deals were multi-city in nature, it added.</p>.<p>In contrast to a renewed demand for office spaces, the residential real estate segment saw an 83 per cent plunge in its share of institutional investments at 4 per cent in Q1 FY24 as opposed to 27 per cent in Q4 FY23.</p>.<p>Furthermore, Institutional investments on a year-on-year basis witnessed a 40.7 per cent decline, reflecting a certain level of market volatility, the report highlighted.</p>.<p>However, assuaging stakeholder concerns, Rao said: “The sector is likely to garner increased traction in the upcoming quarters on the back of robust GDP growth and a strong pipeline of upcoming infrastructure developments.”</p>
<p>The commercial segment of the Indian real estate sector bagged a lion’s share of 88 per cent of the total institutional investments into the sector in the first quarter of the current fiscal, a new report by property consultancy Vestian revealed on Tuesday. This figure stood at 39 per cent in the fourth quarter of FY23.</p>.<p>Overall institutional investments into the sector reached $1.6 billion during the period, registering a 33.3 per cent increase versus the first quarter of 2023. </p>.<p>“This upward trajectory in investments demonstrates renewed interest from institutional investors amidst the challenging macroeconomic landscape,” said Vestian chief executive Shrinivas Rao, adding that the surge suggests a significant upside potential for the overall sector.</p>.<p><strong>Also Read | <a href="https://www.deccanherald.com/business/economy-business/gst-collection-rises-11-to-over-rs-165-lakh-crore-in-july-1242806.html">GST collection rises 11 per cent to over Rs 1.65 lakh crore in July</a></strong></p>.<p>Betting on India’s positive growth story, foreign investors contributed a dominating share of 92 per cent , the report noted. About 94 per cent of the investment deals were multi-city in nature, it added.</p>.<p>In contrast to a renewed demand for office spaces, the residential real estate segment saw an 83 per cent plunge in its share of institutional investments at 4 per cent in Q1 FY24 as opposed to 27 per cent in Q4 FY23.</p>.<p>Furthermore, Institutional investments on a year-on-year basis witnessed a 40.7 per cent decline, reflecting a certain level of market volatility, the report highlighted.</p>.<p>However, assuaging stakeholder concerns, Rao said: “The sector is likely to garner increased traction in the upcoming quarters on the back of robust GDP growth and a strong pipeline of upcoming infrastructure developments.”</p>