New Delhi: Institutional investments continued the momentum during the first quarter (Jan-March) of 2021, registering 21 per cent growth in volumes at USD 922 million, indicating sustained investor interest in India’s real estate market, according to JLL’s Capital Markets Update Q1 2021 released on Tuesday.
Investments during the quarter were driven by more activity from funds and closed development stage deals and were further supported by external macroeconomic factors. However, the pandemic surge during the second half of March 2021 is expected to delay the investment pipeline in the second quarter, JLL said.
JLL Chief Economist and Head of Research & REIS (India) Dr Samantak Das said the institutional investment momentum continued during the first quarter of 2021, registering 21 per cent growth in volume at USD 922 million, indicating the sustained investor interest in India’s real estate market.
“The remarkable resilience of the office market and confidence in its long-term growth led investors to chase quality assets available at the core and development stages. We also see the maturing listed REIT market providing an alternative to other asset classes, which lacked income stability,” he added.