Chennai: Institutional investors deployed $1.357 billion into the Indian commercial real estate market in the second quarter (April- June) of 2021, representing a ninefold increase year-on-year, according to JLL’s ‘Capital Markets Update Q2 2021’ report.
Capital deployments in the April-June period represented the most active second quarter in five years.
According to JLL, the pace and volume of investments over the past decade have been supported by the introduction of Real Estate Investment Trusts (REITs) in 2014, the Real estate Regulation and Development Act in 2016 (RERA), Benami Transactions (Prohibition) Act and progressive relaxation in foreign direct investment norms over the years.