Institutional investors put about USD 5.9 billion (USD 5,928.3 million) into Indian real estate in January to September 2026, according to Colliers India. That is 39% more than the USD 4,267.6 million Colliers recorded for the same nine months of 2025. Domestic capital supplied close to 60% of the total, and office assets were the largest asset class.
The figure is Colliers’ own estimate of institutional inflows, compiled from public information. It is not an official government total, and it does not measure every property transaction in India.
What the USD 5.9 billion figure counts
Colliers’ institutional flow-of-funds measure covers money from Alternative Investment Funds (AIFs), family offices, foreign corporate groups, foreign banks, pension funds, private equity, real-estate funds and platforms, foreign-funded non-banking financial companies, listed REITs, and sovereign wealth funds.
It does not capture household home purchases, and it is not a complete record of private transactions. A reader comparing it with property registrations, city-level price indices or mortgage data is comparing different things.
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Two category definitions matter for reading the asset-class figures:
- Alternative assets include data centers, life sciences, senior housing, holiday homes, student housing, schools, and real-estate services. This is why the category can be large without being a single property type.
- Mixed-use includes deals that span several assets in different locations.
Where the money went, by asset class
Office was the largest category at USD 2,169.3 million, up 46% year over year. The table below lists every category Colliers reported for January to September 2026. Shares of the total are calculated from Colliers’ dollar figures and rounded; the release does not give year-on-year changes for the other categories, so they are marked as not stated.
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| Asset class | Jan–Sep 2026 inflows (USD million) | Share of nine-month total (calculated) | Year-on-year change |
|---|---|---|---|
| Office | 2,169.3 | about 37% | up 46% |
| Mixed-use | 1,007.0 | about 17% | not stated (Colliers release, 8 October 2026) |
| Alternative assets | 968.2 | about 16% | not stated (Colliers release, 8 October 2026) |
| Residential | 694.5 | about 12% | not stated (Colliers release, 8 October 2026) |
| Hospitality | 632.2 | about 11% | not stated (Colliers release, 8 October 2026) |
| Industrial and warehousing | 371.9 | about 6% | not stated (Colliers release, 8 October 2026) |
| Retail | 85.2 | about 1% | not stated (Colliers release, 8 October 2026) |
Residential, which many households associate with real estate, ranks fifth of seven categories in this institutional measure. That is a feature of who invests, not a verdict on the housing market.
Domestic versus foreign capital
Domestic investors supplied USD 3.5 billion, close to 60% of the nine-month total, and Colliers reports domestic flows rose 59% year over year. Foreign investment was about USD 2.4 billion, up 17% year over year. The percentage shares are Colliers’ reported estimates and are rounded.
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Nine-month growth versus the third quarter
Two comparisons point in different directions, and both should be kept separate:
- January to September 2026 versus the same period of 2025: up 39%.
- Q3 2026 alone: USD 1,416.3 million, up 12% year over year but down 51% from Q2 2026.
The strong nine-month total therefore does not mean the most recent quarter kept pace. Quarterly momentum slowed sharply after the second quarter, even though the year-to-date comparison remains strongly positive.
Colliers’ quarterly tables use a dash or NA where an asset class recorded limited or no inflows. That symbol is not a numeric zero, so it should not be used to calculate a percentage change.
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Bengaluru, Chennai, and Delhi NCR each drew around USD 0.6 billion in the period, together representing nearly one-third of inflows.
Multi-city deals accounted for USD 2.9 billion, about half of the total and more than twice the year-earlier level. Colliers reports single-city concentration and multi-city deals as separate views, so one shows where capital was located and the other shows how widely deals were spread.
What Colliers’ executives said
Vimal Nadar, National Director and Head of Research at Colliers India, said: “Most importantly, buoyed by strong capital allocation across real estate segments, the first nine months of 2026 have already seen institutional investments to the tune of USD 5.9 billion, a 9-month high in recent years.”
Badal Yagnik, Chief Executive Officer and Managing Director of Colliers India, said: “The strengthening of domestic capital is perhaps the most defining theme of institutional investments in Indian real estate.”
How to read this as a personal-finance reader
- It describes institutional capital, not household buying. A rise in institutional inflows does not translate directly into rising home prices or easier mortgages.
- The release does not contain a forecast. Colliers reports measured inflows for the period. Any view on the coming quarters would be commentary from a named Colliers executive, not part of the reported figures.
- Listed REITs are inside the measure. The category includes listed REITs, but the release does not report their returns, yields or price performance, so the inflow figure alone says nothing about whether an investment has paid off.
Source
Colliers India, “Jan-Sep 2026 investments in Indian real estate touch USD 5.9 Bn, highest 9-month volume in recent years,” published 8 October 2026: https://www.colliers.com/en-in/news/press-release-investment-overview-q3-2026
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