Investors have pumped in a record $2.5 billion or Rs 17,600 crore in the first quarter of 2019, reposing their confidence in India’s real estate sector. The investment has not only more than doubled on a sequential basis, it has also been the highest among first-quarter inflows since over a decade. Investor-friendly reforms, positive sentiment following India’s first Real Estate Investment Trust (REIT) offering, and firm market fundamentals have helped this upward trajectory, beating the first quarter investment volumes of all years since 2008. Mumbai led the investment activity among all cities during the period with a 30.5% share in the overall investments, followed by Bengaluru with 27.3% share. Private equity majors Blackstone & Brookfield Asset Management as well as Abu Dhabi Investment Authority were among the key institutional investors during the quarter.

(Economic Times)