Institutional investments in realty doubled to USD 20 billion during 2014-18

“The period post the global financial crisis from 2009 to 2018, has seen two phases of institutional investments by private equity firms, sovereign wealth funds, insurance funds, pension funds, family offices etc.

“The first phase from 2009 to 2013 was slow in attracting institutional investments, while the second phase from 2014 to 2018 was reforms led and therefore faster,” JLL India CEO and Country Head Ramesh Nair said in a report.

The Indian real estate sector attracted $30 billion of institutional investments during 2009-2018, and out of which $20 billion was invested during 2014-2018, reflecting the positive impact of reforms, the report revealed.

Nair attributed this rise in institutional investments to positive impact of various transformatory reforms undertaken from 2014.

These reforms include Sebi’s guidelines for Real Estate Investment Trusts (2014), Housing for All Mission (2015), Real Estate Regulation and Development Act (2016), Benami Transactions (Prohibition) Amended Act (2016) and relaxation in Foreign Direct Investment norms.