November 12, 2025: Institutional investments in Mumbai’s real estate sector crossed USD 1.2 billion in the first nine months of 2025, marking the fourth consecutive year of billion-dollar inflows, according to Cushman & Wakefield’s India Capital Markets Q3 2025 report. The milestone reaffirms Mumbai’s status as India’s top gateway market, driven by robust infrastructure upgrades and rising domestic participation.
At the national level, institutional real estate investments reached USD 4.7 billion between January and September 2025, with projections to close the year at USD 6–6.5 billion, making 2025 potentially the second-highest investment year on record.
A key shift highlighted in the report is the growing share of domestic investors, who accounted for 48% of inflows, compared to a much smaller share in earlier years, while foreign investors contributed 52%, reflecting a more balanced capital mix.
Office assets attracted the largest share of investment (35%), followed by residential (26%), retail (12%), and logistics and industrial (9%). “India’s real estate investment landscape continues to show remarkable resilience and depth. Even amid global uncertainty, institutional capital has found stability in India’s strong fundamentals and governance frameworks,” said Somy Thomas, Executive Managing Director, Capital Markets, Cushman & Wakefield. “The growing participation of domestic investors underlines the market’s maturity and long-term confidence,” he added.
In Mumbai, foreign investors contributed 67% (USD 797.7 million), led by capital from the United States (USD 500 million) and Japan (USD 297 million). Domestic investors added USD 398 million, strengthening capital diversity.
Residential projects led with USD 377.6 million, followed by offices (USD 339.7 million) and logistics and industrial (USD 269.3 million), while mixed-use and data center investments also gained traction.
“Mumbai’s investment story has come full circle, returning to pre-pandemic levels and sustaining its billion-dollar streak,” said Somy Thomas. “Infrastructure-led growth and a diversified asset base continue to drive investor confidence. We expect this momentum to gain further pace in the coming months,” he noted.
Source: Republic World
