India's Real Estate: A Shift Towards Mid-Sized Transactions Amid Decline
India’s real estate sector experienced a notable 63% decline in deal value during Q1 2026, mainly due to fewer large-ticket transactions. Despite this, the sector showed strong deal momentum with 32 transactions. The focus has shifted towards mid-sized deals, with a strong preference for commercial assets.
- Country:
- India
The Indian real estate sector witnessed a significant downturn in deal value during the first quarter of 2026, according to the 'Real Estate Dealtracker' report by Grant Thornton Bharat. The deal value plummeted by 63% to USD 763 million, largely due to a decline in large-ticket transactions.
Despite the decrease in value, the period between January and March saw robust activity with 32 transactions, marking it the second-highest quarterly deal volume ever, following Q3 2025. A clear pivot towards smaller and mid-sized deals was observed, aligning with the absence of substantial transactions.
Shabala Shinde, Real Estate Industry Leader at Grant Thornton Bharat, noted a resilient deal environment, with investors favoring commercial assets and maintaining a focus on execution certainty amidst macroeconomic challenges. Private equity activity declined, with a noted preference for income-generating assets in office and retail sectors.
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