New Delhi, Jan 28 (PTI) Institutional investment in alternate real estate assets including data centres, senior living and coliving segments jumped 26 per cent to USD 500 million last year, according to a report by real estate consultant Colliers India.

The overall institutional investments in real estate fell to USD 4 billion in 2021 from USD 4.8 billion in the previous year and USD 6.2 billion in 2019.

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"Investors are lapping up alternate assets in India, having invested USD 500 million in such assets. This was a 26 per cent rise from 2020 in alternate assets that includes data centres, senior living, student housing and coliving," Colliers said in a statement.

Robust technology consumption and data privacy laws will also pave way for further investments in the data centres space, it added. HRS hrs

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(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)