Realty Year-Ender: A Year of Residential & Retail Resurgence
Riding high on the positive policies, and notwithstanding global headwinds, India’s resilient real estate made a mark with its impressive performance. While the residential segment saw robust demand, supply, and sales, and was on a roll, retail realty staged an impressive comeback. The commercial office segment stood its ground despite the weakening global economy having an adverse impact on occupancy.
Vinod Behl
That real estate was in the pink of health was also evident from the BSE Realty Index returning 80% in FY 24, outperforming the benchmark Sensex. This is also clearly visible from rising institutional investments. According to Vestian Research, residential investment saw a 71% YoY increase in Q3 2023 at USD 298.3 million while commercial real estate saw 9.4% YoY increase at 164.1 million USD.
Vinod Behl
That real estate was in the pink of health was also evident from the BSE Realty Index returning 80% in FY 24, outperforming the benchmark Sensex. This is also clearly visible from rising institutional investments. According to Vestian Research, residential investment saw a 71% YoY increase in Q3 2023 at USD 298.3 million while commercial real estate saw 9.4% YoY increase at 164.1 million USD.
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ICCT, NOVEMBER - DECEMBER 2023
