Colliers' latest report shows Asia Pacific real estate investment hitting $105 billion in H1 2026, its strongest first half since 2022, with office assets driving over 40% of India's inflows.
Asia Pacific's property investment market just had its best first half in four years. According to Colliers' Asia Pacific Capital Markets Snapshot for H1 2026, total investment activity across the region reached $105 billion, the strongest opening half since 2022, as cross-border capital returned and investors spread bets across a wider set of markets and asset types than in recent years. Theo Novak, Managing Director of Capital Markets for Colliers Asia Pacific, framed it as evidence that investors are regaining confidence in the region's liquidity and transparency after a slower stretch.
Within that $105 billion, office assets remained the single largest category by a wide margin, pulling in $40.2 billion across the region during the half. Retail followed at $26.7 billion and industrial and logistics assets at $22.8 billion, while data centres emerged as a fast-growing niche, drawing $6.7 billion as investors chase structural demand tied to AI and cloud infrastructure rather than traditional occupier cycles. Capital stayed concentrated in the region's deepest markets, with China and Japan each pulling in more than $25 billion during the half, alongside continued strength in Australia and Singapore.
India followed the same script, arguably more strongly than most APAC peers. Office assets accounted for over 40% of total real estate investment inflows into the country during H1 2026, according to the report, with domestic investors doing most of the buying rather than foreign funds. Badal Yagnik, CEO and Managing Director of Colliers India, said office assets continue to draw investor interest on the back of broadening occupier demand and strong uptake from Global Capability Centres. Since 2022, India's office segment has cumulatively pulled in close to $14 billion, consistently accounting for 40 to 50% of the country's annual real estate capital deployment.
The pattern shows up clearly on the ground in NCR. Haryana's real estate regulator cleared 51 projects in Gurugram alone during the first half of 2026, representing nearly $4 billion in planned investment across 11 marquee developments, according to HRERA data reported earlier this year. Separately, Brookfield India REIT and Singapore's GIC completed a $1.4 billion partnership to acquire commercial assets spanning Mumbai and Gurugram, including a stake in Candor Techspace, one of the city's larger office campuses. Estimates for NCR's total real estate investment across all asset classes in 2025 put the figure in the $3 billion to $3.5 billion range, a base this year's numbers appear to be building on rather than retreating from.
The Colliers report flags one shift worth watching beyond the headline office numbers: Indian investors are increasingly moving past pure office plays into mixed-use developments and alternative assets, a diversification pattern that mirrors what's happening globally with data centres. For a market like Gurugram, where commercial and residential development increasingly sit inside the same integrated townships, this broadening of institutional appetite could matter as much over the next few years as the office numbers themselves.
Institutional capital chasing office assets at this scale tends to filter down into everything built around those campuses, retail catchments, connecting infrastructure, and the residential micro-markets closest to major business parks. Something worth sitting with, from Hommea's perspective, is how closely this investment pattern tracks the corridors already seeing the strongest end-user demand, including Gurugram's current project pipeline, suggesting institutional and retail buyers are, for once, reading the market in roughly the same direction.
