New Delhi [India], July 12 (ANI): Investments in the Indian real estate sector by private equity firms in the April-June 2023 quarter stood at USD 1.3 billion as against USD 704 million recorded in the period last year, according to a report by Savills India, which is into real estate consulting globally.

On a yearly basis, the rise in private investments in Indian real estate sector was about 85 per cent higher.

Also Read | Homosexuality Very Common Among Male Monkeys Who Indulge More in Gay Sex Than Straight Sex: Study.

According to the report, the commercial office assets maintained their leading position, capturing about 66 per cent of the total investment volume during the quarter.

The investments received in this April-June quarter were entirely from foreign institutional investors, with a majority focus inMumbai, Delhi-NCR, and Hyderabad. Additionally, industrial and logistics assets in Delhi-NCR and Mumbai too attracted a significant portion, accounting for 20 per cent of the quarterly investment inflows.

Also Read | Manchester United vs Leeds United, Club Friendly 2023 Live Streaming Online in India: How To Watch Pre-Season Football Match Live Telecast On TV & Football Score Updates in IST?.

Despite ongoing global recessionary concerns, institutional investors demonstrated their commitments in India and made long-term investments in the sector.

The report said this quarter saw the completion of several large-scale transactions that had been in the pipeline for over a year.

“The influx of private equity investments has not only fuelled the development of large-scale projects but has also supported the growth of niche segments such as warehousing, logistics, and co-working spaces,” said said Diwakar Rana, Managing Director, Capital Markets, Savills India.

According to the Savills India report, GIC, PAG Credit and Markets, and GIC were among the top investors, bringing in funds to the tune of USD 397 million, USD 183 million, and USD 128 million, respectively. The investees, according to the report, were Brookfield, M3M, and Phoenix Group. (ANI)

(The above story is verified and authored by ANI staff, ANI is South Asia's leading multimedia news agency with over 100 bureaus in India, South Asia and across the globe. ANI brings the latest news on Politics and Current Affairs in India & around the World, Sports, Health, Fitness, Entertainment, & News. The views appearing in the above post do not reflect the opinions of LatestLY)