Delhi NCR real estate investments surged 178% year-on-year to around $581.7 million between January and September 2026, according to Colliers India. The region had attracted $209.6 million during the corresponding period last year.
The sharp increase made Delhi NCR one of the fastest-growing major real estate investment markets tracked by Colliers during the first nine months of the year. The rise comes despite continued global economic uncertainty, which has encouraged investors to remain selective.
Office properties emerged as the biggest investment driver in the region. Strong demand for income-generating and operational Grade A office assets has continued to attract institutional capital, supported by expectations of sustained leasing activity.
Bengaluru and Chennai also recorded significant investment growth. Bengaluru attracted around $643.4 million, up 21% from $530.1 million a year earlier, while Chennai recorded $639.4 million, a 91% increase from $335.3 million.
Together, Bengaluru, Chennai and Delhi NCR accounted for nearly one-third of India's institutional real estate investments during the January-September period.
Multi-City Deals Become a Key Investment Trend
Investors are increasingly diversifying their exposure across multiple locations rather than concentrating capital in a single city.
Multi-city transactions attracted approximately $2.9 billion during the first nine months of 2026, more than twice the amount recorded during the same period last year. Such deals accounted for about half of total institutional real estate investment during the period.
Mumbai, meanwhile, recorded investments of around $518.9 million, down 36% year-on-year. Pune attracted approximately $492.4 million, registering a 66% increase.
India Records $5.9 Billion in Institutional Investment
Institutional investment in Indian real estate reached approximately $5.9 billion during January-September 2026, marking a 39% increase from the year-ago period.
Domestic investors accounted for around 60% of the total, contributing approximately $3.5 billion. Domestic capital inflows rose 59% year-on-year, while foreign investment increased 17% to around $2.4 billion.
The office segment remained the largest investment category nationally, attracting $2.2 billion, up 46% from the previous year.
Colliers India CEO and Managing Director Badal Yagnik said the increasing strength of domestic capital was a key market trend. He noted that deeper domestic investment, combined with the potential for stronger foreign participation, could continue supporting real estate investment in the coming quarters.
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