India stands at an inflection point in its economic development, with real assets—comprising infrastructure, real estate, energy, and other physical capital— playing a critical role in shaping the country’s future growth trajectory. As the government pursues its ambition of becoming a $5 trillion economy, real assets are not only foundational to building long-term economic resilience but are also instrumental in driving inclusive and sustainable development.
Not surprisingly then that in every annual Budget of the central government, the two key spokes of real assets- ‘infrastructure’ and real estate as captured under housing, forms a usual part of policy focus.
But the scope of real assets spread far and beyond. Even if one excludes soft infrastructure, the real assets straddle large part of the economy including energy, transportation, logistics, waste management, telecom infra and mining besides real estate cutting across commercial, industrial and residential.
These put together dominate the physical fixed assets in the country and has been attracting lot of money both within India and through foreign inflows. The significance of real assets is not lost on either the public sector or the private sector as the broader sector required large scale capital commitment, long gestation periods and risky return of investments. The money flow in the real assets space twines heavy doses of equity, debt and hybrid capital.
The capital play in the industry also reflects in the corporate deal arena. Almost half of all top private equity deals and largest M&As involving Indian companies during 2024 was in the real assets space, encompassing areas like airports, highways, power generation & transmission, telecom towers and commercial properties, according to data compiled by VCCEdge. Year 2023 also saw prominence of real assets transactions among top deals, especially in the flow of private capital. India’s real asset space has been witnessing growing participation from institutional investors, sovereign wealth funds, and pension funds, attracted by scalable opportunities and improving transparency.
Regulatory advancements, including RERA, IBC, and SEBI’s REIT and InvIT framework, have significantly enhanced investor confidence and market maturity. Simultaneously, sustainability imperatives are reshaping capital flows, with ESG-aligned infrastructure, renewable energy assets, and green financing instruments drawing heightened interest.
As India prepares for a decade of accelerated physical and digital infrastructure build-out, real assets will remain central to its structural transformation. To capture the tailwinds supporting and indeed driving the growth of real assets in the country, VCCircle is organising its inaugural edition of a networking and thought leadership conclave.
This forum will serve as a critical platform for stakeholders across the spectrum—policy makers, financial institutions, developers, asset managers, and international investors—to come together and exchange perspectives on emerging trends, risks, and strategies with thought-provoking discussions, actionable insights, and strengthened collaborations that will advance the future of real assets in India.