India's real estate sector is expected to experience significant growth, with equity investments projected to surpass $10 billion in 2024, up from $7.4 billion in the previous year.
The increase in investment reflects strong confidence from both global and domestic players in the office property market.
Leasing activity has seen a remarkable surge, with a 46% rise recorded in the first nine months of the year compared to the same period last year.
The growth is primarily driven by multinational corporations establishing global capability centers (GCCs), which account for 37-40% of office leasing transactions.
Furthermore, there is sustained demand from India-focused businesses, particularly in the IT and IT-enabled services sectors, as well as emerging needs from engineering and manufacturing services, which continue to bolster the market.