New Delhi, Oct. 24 -- The real estate sector recorded a record-breaking 42 transactions valued at USD 2.9 billion in the third quarter (Q3) of 2025, marking the highest quarterly deal volume to date.

This included nine public market transactions--five IPOs and four QIPs, up significantly from the previous quarter, according to Grant Thornton Bharat's Real Estate Dealtracker.

Excluding public market deals, private transactions accounted for 33 deals worth USD 1.8 billion, reflecting a sharp rebound in investor appetite.

The report added that the surge was driven by marquee M&A and private equity investments, including The Phoenix Mills' USD 641 million acquisition of Island Star Mall Developers and institutional interest in income-gener...