Indian real estate attracted nearly $14 billion of foreign private equity (PE) between 2015 and third quarter of 2019, says latest ANAROCK data.
Sixty-three per cent (approximately $8.8 billion) of the total foreign investments backed commercial real estate, the real estate services company said. The residential sector attracted just $1.5 billion of foreign PE in the same period, trailing even the retail sector which saw cumulative inflows of $1.7 billion.
Logistics and warehousing drew over $1 billion, and the remaining investments went into mixed-use developments. In stark contrast, domestic PE funds pumped nearly $2.4 billion into Indian real estate since 2015, of which nearly 71 per cent went to the housing sector, it said.