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Indian real estate sector attracts investments worth $922 million in Q1CY21: JLL

Commercial office assets dominated the deals with $864 million; Hyderabad attracts 42% of total investments; Mumbai at 21 percent

The housing sector continues to experience an infusion of last-mile funding for project completion.

The housing sector continues to experience an infusion of last-mile funding for project completion.

Institutional investments continued the momentum during the first quarter (January-March) of the calendar year 2021 (CY21), registering 21 percent growth in volumes at $922 million, indicating sustained investor interest in India’s real estate market, according to JLL’s Capital Markets Update Q1 2021.

Commercial office assets dominated deals with $864 million transacted, translating into 94 percent of the total value in the first quarter. The residential sector attracted $58 million.

However, the pandemic surge during the second half of March is expected to delay the investment pipeline in the second quarter, it said.

Investments during the quarter were driven by more activity from funds and closed development stage deals and were further supported by external macroeconomic factors.