New Delhi: Colliers said institutional investment in real estate fell 37% annually to $822.3 million in the October-December period last year as inflows fell across all asset classes.
According to data from real estate consultant Colliers India, investment in real estate by institutional investors during October-December 2023 was $822.3 million, compared to $1,299.4 million in the same period last year. Fund inflows to the office sector in the fourth quarter of the previous calendar year fell 23% to $135.5 million from his $175.5 million in the same period last year. In the housing sector, investments in October-December 2023 decreased by 79% to $81 million from $379.1 million in the same period last year. Alternative assets decreased 11% from $467.9 million to $418.7 million.
Alternative assets include data centers, life sciences, senior housing, vacation homes, student housing, schools, and more. Capital inflows into industrial and warehousing assets from October to December last year fell 16% to $187.1 million from $222 million in the same period last year.
In the fourth quarter of 2023, mixed-use projects attracted no investment, compared to $54.9 million in the same period last year. Institutional capital flows include investments by family offices, foreign corporate groups, foreign banks, equity capital, pension funds, private equity, real estate funds and developers, foreign-invested NBFCs, and sovereign wealth funds. For the entire 2023 calendar year, institutional investment in real estate increased 10% to $5,380.4 million from $4,877.9 million the previous year.
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