Private equity investment into the Indian real estate sector fell 47 per cent to $1 billion during January-March this year compared to the year-ago period, but the inflows jumped over 4.5 times from the previous quarter, according to property consultant Savills India.
The PE (Private Equity) inflows stood at $1.9 billion in the same quarter last year. During October-December 2021, the investments were at $218 million.
''Commercial office assets continued to remain the frontrunner during Q1 2022, garnering more than two-third share of the investment pie. All the quarterly investment came from foreign institutional investors and was concentrated in core office assets in Bengaluru,'' Savills said in a statement.
Last week, Anarock had reported that the PE investments in the real estate sector fell 32 per cent to $4.3 billion in the last fiscal year from $6.3 billion in the 2020-21 financial year.
(With inputs from PTI)
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