Real Estate

Delhi-NCR Investment Jumps 178%; Hyderabad Gets Zero in Q3

  • by- Grihik
  • Oct 9, 2026
Colliers city data shows NCR inflows up 178% in nine months while Hyderabad had no institutional investment in Q3.
Delhi-NCR Investment Jumps 178%; Hyderabad Gets Zero in Q3

Behind the headline $5.93 billion figure, institutional investment into Indian real estate was very uneven across cities in January-September 2026, according to Colliers.

City by city (nine months)

  • Delhi-NCR: $581.7 million, up 178%, the sharpest rise

  • Chennai: $639.4 million, up 91%

  • Pune: $492.4 million, up 66%

  • Bengaluru: $643.4 million, up 21%

  • Mumbai: $518.9 million, down 36% for the nine months, but Q3 alone rose 57% to $240.2 million

  • Hyderabad: down 82%, with zero institutional inflows in Q3

  • Kolkata: down 90%

 

What stands out

Mumbai is the most interesting case. It lagged for the year but bounced in Q3, helped by the Brookfield India REIT and Prime Offices Fund acquisition of Mumbai office assets for $178.2 million.

Hyderabad's drop is notable because the city has led recent office leasing and new supply. Investors may be waiting for pricing or for projects to mature, though the report does not say why.

Caution on the data

These are year-to-date comparisons, and a few large deals can swing a single city's figures. About 61% of Q3 investment came from deals spanning several cities, so city totals do not tell the full story.