In Q1, Q2 & Q3 FY23, PE investment in NCR real estate increased by 58%

13 Jan 2023 CW Team

According to a survey released, private equity (PE) companies are more interested in the real estate market in the National Capital Region (NCR) than the Mumbai Metropolitan Region (MMR) this fiscal year. According to ANAROCK Capital's Flux report, private equity investors spent $1,215 million in NCR real estate in the first nine months of the fiscal year 2022-23 (FY23), up from $771 million in the same period the previous fiscal year. According to the report, overall PE inflows in the NCR region, which includes Delhi and other cities, have increased by 58% annually.

Total PE investments in MMR for FY23 were $224 million, down from $574 million during the same period the year before. Chennai increased its participation from 1% of all PE inflows in the first nine months of FY22 to 8% in the first nine months of FY23. According to the data, investments of $268 million were recorded in Chennai in 9M FY23 as opposed to $37 million in the same period the previous financial year. In comparison to the same time in FY22, PE funding in Indian real estate climbed 3% annually, reaching $3.4 billion in 9M FY23.

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