Indian real estate attracted nearly 74K CR until Dec24 Dec24 comes from AIFS, up to all areas: Anarock
New Delhi, April 21 (PTI) Alternative Investment Fund (AIFS) has accumulated almost ₹Property consultant Anarock said that until December 2024, there was $7.4 billion in India’s real estate space, the highest of all sectors.
AIF refers to any fund established or established in India, a private investment vehicle that collects funds from India or abroad, whether in India or abroad, can be invested in accordance with a defined investment policy to benefit its investors.
Real estate consultant Anarock has compiled SEBI data related to AIFS, which invests in non-traditional assets such as private equity, hedge funds and real estate – providing niche, high-risk, advanced reward opportunities for experienced investors.
Until December 2024, AIF has accumulated investment ₹5,061,96 million in all sectors. Real estate sector accounts for the largest share of 15% cumulative net AIF investment ₹739.03 million.
“The rise of AIFS has significantly changed real estate financing in India, providing a vital lifeline for struggling projects, lack of funds and unlocking new opportunities for developers,” Anarok said.
AIFS has invested ₹332.79 million in IT/ITES ₹268.07 million financial services, ₹NBFC’s 219.29 million, ₹Bank 21.273 million, ₹183.09 million in pharmaceuticals ₹127.43 million in FMCG ₹Retail 1155 crore ₹114.33 million in the renewable energy sector. Other departments received ₹AIFS’s 2,779.7 million.
“Increasing in restrictions on traditional sources of funding, AIF is an agile and innovative financing mechanism that can address capital gaps at all stages of real estate development,” said Prashant Thakur, regional director and research director at Anarock Group.
He added: “As they gather capital from domestic and foreign investors, AIFS is a sustainable and scalable funding ecosystem. In the future, the adoption of hybrid financial models, AI-driven risk assessments and simplified regulatory frameworks will further maximize the impact of AIFS.”
The number of AIF activity on the market has increased 36 times over the past decade – from 1,524 AIFS on March 31, 2013 to 5, 2025, commitments since 2019 have increased fivefold.
Commenting on the report, Binitha Dalal, founder and managing director of Mumbai-based K Kapital Hill, said: “The continued dominance of real estate in AIF allocation is a natural result of how investors rethink their portfolios. Real assets are now approaching as part of their financial portfolio, not just physical holdings.”
“This shift reflects not only changes in mindsets, but also the growing number of new funds and structures tailored to a variety of risk recovery profiles. This clearly shows the depth and evolution of the market – real estate today is as much as physical assets,” she said.
Ankur Jalan, CEO of Golden Growth Fund, said AIFS has become an important investment vehicle for institutional investors and HNIS and has expanded the scope of funds available to developers.
