India Ranks 3rd Among Global Destinations for Land/Development Sites

New research from Colliers reveals that the Asia Pacific (APAC) region was home to four of the top ten global cross-border capital sources in the first half of 2024, including Singapore, Hong Kong, Japan, and China. Notably, India ranks third among global destinations for land/development sites.

In APAC, the office sector led investment activity, followed by the industrial sector. In India, investments in industrial & warehousing assets surged, growing fivefold compared to the same period in 2023. 70% of foreign inflows into India’s real estate were directed toward industrial & warehousing assets, driven by rising demand from 3PL and e-commerce sectors.

Colliers' Piyush Gupta, Managing Director, Capital Markets & Investment Services, noted India's increasing appeal for global investors, reinforced by the country's industrial growth. With $3.5 billion in inflows in H1 2024, foreign investments accounted for 73% of the total, with North America and EMEA as key contributors.

The report forecasts continued strength in Indian real estate, bolstered by domestic demand, robust GDP growth, and expected rate cuts. Chris Pilgrim, Managing Director of Global Capital Markets, APAC, emphasized the region's expanding investment opportunities, especially in specialized sectors like data centers and cold storage.