Private equity (PE) investments in Indian real estate moderated in 2025 amid global reassessment of risk, returns, and execution timelines, even as domestic fundamentals remained resilient. Total PE inflows stood at $3.5 billion, down 29% year-on-year, with office assets continuing to dominate, attracting 58% of total investment. Residential (17%) and warehousing (15%) followed, while retail activity remained limited.