The share of foreign institutional investors in the real estate sector shrunk by 30 per cent to $2.733 billion in 2023 as against $3.926 billion in the previous year on account of the macroeconomic slowdown, says a report.
Overall institutional investments in the real estate sector declined by 12 per cent annually and reached $4.3 billion in 2023, it said. Although investments reached a five-year low, accentuating the cautious stance adopted by foreign investors amid global macroeconomic uncertainty, a resurgence is expected in 2024 on the back of robust performance of the Indian economy and a healthy pipeline of planned infrastructure developments, according to a report from Vestian.
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