Hyderabad attracts Rs 5,120 cr institutional investments in realty in 2021

Hyderabad: Though India’s institutional real estate investments in 2021 closed at $4.3 billion (about Rs 32,000 crore) representing a decline of 14 per cent over 2020, Hyderabad maintained its growth momentum topping the charts with $687 million (about Rs 5,120 crore) worth of investments attracted in 2021. The city accounts for 16 per cent of […]

Hyderabad: Though India’s institutional real estate investments in 2021 closed at $4.3 billion (about Rs 32,000 crore) representing a decline of 14 per cent over 2020, Hyderabad maintained its growth momentum topping the charts with $687 million (about Rs 5,120 crore) worth of investments attracted in 2021.

The city accounts for 16 per cent of the country’s institutional real estate investments, closely followed by Mumbai Metropolitan Region (MMR) which attracted $683 million (over Rs 5,080 crore) investments. Hyderabad showed rapid increase in its investments considering the city attracted $100 million in 2020 (about Rs 750 crore), accounting for two per cent of the country’ share then.

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Office space uptake

Hyderabad has been leading the investment scenario with core and development stage transactions by leading global funds. The city has been preferred with marquee office space developers attracting quality tenants at the pre-commitment stage, according to Dr Samantak Das, chief economist, JLL.

Interestingly, Bengaluru, which attracted $3,720 million in 2020, accounting for 74 per cent of the investments in 2020, saw its share plunging to a mere nine per cent in 2021 attracting investments to a tune of $379 million.

In 2021, Delhi-NCR attracted $548 million investment, accounting for 13 per cent, Chennai attracted $150 million accounting for three per cent, Kolkata attracted $105 million accounting for two per cent and Pune has attracted $77 million accounting for two per cent share.
Pan-India, the year 2021 witnessed 57 deals as compared to 27 deals in 2020. Investments in 2021 were spread across various sectors and were much more diversified as compared to the previous year. Office sector-led investments with 31 per cent share, while residential makes a comeback with 25 per cent share.

Dr Das added, “Though the waning of the third wave is a function of societal response and vaccination, other factors supporting growth are still intact.”

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