India's real estate sector saw a total investment volume of roughly US$3.62 billion in the first half of 2018, with the IT and commercial sector accounting for nearly US$2.00 billion of the investment volume, according to an Aug. 9 report by Jones Lang LaSalle Inc., published in association with the Confederation of Indian Industry.
Retail properties saw US$300 million worth of investments in the six-month period and entity level investments stood at US$150 million.
Corporate leasing activity jumped 54% in the first half compared to the year-ago period. Large technology companies, coworking, financial services and global in-house data centers were the primary contributors to the uptick in leasing.
Total gross space leased in the first half spanned roughly 24 million square feet, with the city of Bangalore and the National Capital Region accounting for a respective 26% share in the total leasing volume.
The retail sector saw a 75% year-over-year rise in net absorption, with a total absorption of 1.9 million square feet in the first half.
Meanwhile, residential sales rose 25% year over year within the first half, owing to the rebound in buyer confidence and the trending up of capital values.