Institutional investment in Indian real estate rises 39% to $5.9 billion in Jan–Sep 2026

What was reported

Colliers India's nine-month figures for 2026 were published on October 8, 2026, and were picked up by ETRealty and other business outlets. The headline number is about $5.9 billion of institutional capital into Indian real estate between January and September 2026. Colliers described it as the highest nine-month volume in recent years. (Source: ETRealty; Business Today.)

The 2025 base is smaller than the 2026 figure. Colliers had put January–September 2025 inflows at about $4.3 billion, a 9% fall from the prior year at the time (Business Standard). Figures for different years are often revised, so the 39% rise should be read as the comparison Colliers itself made.

Who invested

Domestic investors contributed about $3.5 billion in the nine months, close to 60% of the total and up 59% year on year. Foreign investors contributed about $2.4 billion, up 17%. In Q3 2026 alone, domestic investors supplied about $0.9 billion, or nearly two-thirds of that quarter's inflows.

Badal Yagnik, Chief Executive Officer and Managing Director of Colliers India, said residential and office segments together made up 46% of domestic capital allocation in the quarter. He also said residential money was mostly directed to development projects, while office money went mainly to operating assets (IANS via HiIndia).

Asset classes

Office assets were the largest category, with about $2.2 billion, or 37% of the total, up 46% year on year. Domestic investors supplied more than 90% of office capital, according to the Colliers figures as reported by ETRealty.

By share of total inflows, Business Today reported mixed-use assets at 17%, alternatives at 16%, residential at 12%, industrial and warehousing at 6%, and retail at 1% (Business Today).

• Alternative assets attracted more than $0.9 billion. Hospitality attracted more than $0.6 billion.
• Investment in both categories was about six to seven times the level of the same period in 2025.
• Foreign capital made up nearly three-quarters of alternative-asset investment and almost all hospitality investment.
• In Q3 2026, hospitality was the largest category at about $0.4 billion, roughly 25% of the quarter's inflows.

Cities

Colliers also reported city totals for January–September 2026. The percentages are year-on-year changes.

Investment was uneven across cities. Delhi-NCR recorded the sharpest rise among the larger markets, while Hyderabad and Kolkata fell sharply.

Notable Q3 2026 deals

Deals reported by Colliers for the July–September quarter include the following. Amounts are approximate.

• Canada Pension Plan Investment Board: about $312 million into Prestige Hospitality Ventures.
• Brookfield India Real Estate Trust and Prime Offices Fund: about $178.2 million in a Mumbai office transaction.
• Kotak Realty Fund: about $83.7 million into Smartworld Developers in Delhi-NCR.
• ASK Property Fund: $31.8 million into BRV Group and KW Group.
• Certus Capital: about $28.5 million into 4S Developers.

The ASK and Certus investments are described in the report as Delhi-NCR residential projects.

What it means for buyers, investors and the market

For home buyers, this data does not change prices, project approvals or delivery dates. It shows where institutional capital is going. Residential was a small share of total inflows at 12%, and much of the residential money in the quarter went to development projects, which carry different risks from completed homes.

For investors, the report shows that domestic capital now makes up most of the market and that office and core assets are the main focus. The sharp rise in hospitality and alternative assets also depended heavily on foreign capital, which is more exposed to global conditions.

For the market, the quarterly figure fell 51% from Q2 2026. Colliers noted Q2 2026 had been unusually strong, so the full-year pace will depend on the last quarter of 2026.

What comes next

Colliers expects domestic capital and changing investor preferences to support real estate investment in coming quarters. It also expects foreign investment volumes to pick up in upcoming quarters (IANS via HiIndia). These are forecasts, not confirmed results. The full-year 2026 figure will be published after the October–December quarter ends.