Real Estate Investments Reaches USD 3.4 Bl in H1 2022 says CBRE
Real estate investments registered strong capital inflows and reaches USD 3.4 billion in H1 2022, according to ‘India Market Monitor – Q2 2022’ by CBRE. As per the report, capital inflows in H1 2022 jumped by 42% over H2 2021 and 4% compared to H1 2021. On a quarterly basis, the capital inflows in Q2 2022 stood at USD 2 billion, an increase of 47% over Q1 2022.
“In 2022, real estate investments are expected to grow further on the back of a strong rebound across asset classes. With total capital inflows reaching USD 3.4 billion in H1 2022, we expect these investments to rise by over 10% versus the 2021 benchmark. Greenfield assets are likely to witness a strong investment uptick. However, we might feel the impact of volatility in the global investments market,” said Anshuman Magazine, Chairman & CEO - India, South-East Asia, Middle East & Africa, CBRE.
L&T Realty to Develop Three Projects worth ₹ 8,000 Cr in
Mumbai Region
L&T Realty, the real-estate development arm of Larsen & Toubro said it has entered into a binding agreement to jointly develop projects worth ₹ 8,000 crore in different locations in Mumbai region. The company plans to develop projects in South Mumbai, Western Suburbs and Thane. It targets to develop 4.4 million sq ft of real estate projects.
“We are committed to expanding our reach and continue looking into new markets. With signature elements from L&T Realty, these projects will have iconic features that are designed keeping in mind global norms of excellence while also being a testament for their trust on us with faster execution capabilities,” Shrikant Joshi, MD & CEO, L&T Realty, issued a statement.
