Foreign investors flock to commercial projects as India’s residential market struggles
India’s commercial real estate segment was a big draw for foreign investors in the past five years, even as residential projects struggled to raise funds. As a whole, the real estate sector attracted $14 billion (Rs1 lakh crore) in overseas private equity (PE) investment between 2015 and the September quarter of 2019, according to a note by Anarock Property Consultants released yesterday (Nov. 18). The majority (63%) of this went to commercial realty, which includes office spaces, hotels, and restaurants.
