Real estate institutional investment up 37% to $1.65 bn in Jan-Mar: Report

Institutional investment in real estate increased 37 per cent to USD 1.65 billion during January-March, driven by higher inflow in office and housing properties, according to Colliers.

Inflows stood at USD 1.2 billion in the same period last year, it added.

Foreign investors preferred to deploy funds in office assets, while domestic players put more money into housing.

The office sector continued to drive the investment inflows, accounting for 55 per cent of the total inflows during the January-March period, the data from real estate consultant Colliers India showed.

The residential segment's share was 22 per cent.

Institutional investment inflows in the office sector rose 41 per cent to USD 907.6 million during January-March from USD 643.6 million in the corresponding period of the previous year.

Inflows in residential assets jumped to USD 361.1 million from USD 16.5 million.

Industrial and Warehousing assets saw a 20 per cent growth in inflows to USD 216.3 million from USD 179