+
PE investment in real state up 40% during Apr-Sept
Real Estate

PE investment in real state up 40% during Apr-Sept

Private equity investment in real estate increased 40% to $2.8 billion during the April-September period of this financial year, with a huge inflow coming from foreign funds, especially in office assets, according to an Anarock report. In the corresponding period of the last financial year, PE investment stood at $2 billion.

"Investor confidence in Indian real estate is increasing steadily as a reflection of improvement in the Indian economy and the state of the real estate industry," said Shobhit Agarwal, managing director and chief executive of Anarock Capital, which is part of real estate consultant Anarock.

Investments by foreign investors contributed around 78 per cent to the total inflow in the first half of this fiscal, reflecting their strong confidence in Indian real estate.

Domestic investments increased by 45% while foreign investments rose by 36% of the total capital inflows in April-September of 2022-23 compared to the year-ago period.

Top 10 deals accounted for 86 per cent of the total value of PE investments in the first six months of this fiscal, as compared to 80 per cent in the first half of FY'22.

Among various asset classes of the real estate sector, Agarwal said the demand in the office market has seen a "meaningful recovery". The PE investments in office assets stood at $1,862 million during April-September of this fiscal - almost equivalent to the investment in the whole last financial year.

Across geographies, Anarock noted that PE investments came more in Delhi-NCR.

See also:
Haryana plans to invest Rs 1 trillion in Gurugram Global City
YEIDA plans mixed land-use scheme for industries, housing


Private equity investment in real estate increased 40% to $2.8 billion during the April-September period of this financial year, with a huge inflow coming from foreign funds, especially in office assets, according to an Anarock report. In the corresponding period of the last financial year, PE investment stood at $2 billion. Investor confidence in Indian real estate is increasing steadily as a reflection of improvement in the Indian economy and the state of the real estate industry, said Shobhit Agarwal, managing director and chief executive of Anarock Capital, which is part of real estate consultant Anarock. Investments by foreign investors contributed around 78 per cent to the total inflow in the first half of this fiscal, reflecting their strong confidence in Indian real estate. Domestic investments increased by 45% while foreign investments rose by 36% of the total capital inflows in April-September of 2022-23 compared to the year-ago period. Top 10 deals accounted for 86 per cent of the total value of PE investments in the first six months of this fiscal, as compared to 80 per cent in the first half of FY'22. Among various asset classes of the real estate sector, Agarwal said the demand in the office market has seen a meaningful recovery. The PE investments in office assets stood at $1,862 million during April-September of this fiscal - almost equivalent to the investment in the whole last financial year. Across geographies, Anarock noted that PE investments came more in Delhi-NCR. See also: Haryana plans to invest Rs 1 trillion in Gurugram Global CityYEIDA plans mixed land-use scheme for industries, housing

Related Stories

Gold Stories

Next Story
Infrastructure Transport

Mumbai-Ahmedabad Bullet Train’s Surat-Vapi Section Set for 2027

The first section of the Mumbai-Ahmedabad Bullet Train corridor, linking Surat and Vapi, is targeted to begin services in 2027. Construction is expected to be completed by December 2026, while Railway Minister Ashwini Vaishnaw has indicated that an inauguration could take place around the middle of 2027. The National High Speed Rail Corporation (NHSRCL) said the train being manufactured in India is expected to reach the tracks around April or May 2027. The train will undergo extensive testing before the section is opened for passenger services. The project began construction in 2021 and includ..

Next Story
Infrastructure Transport

Indian Railways Approves Four Projects Worth Rs. 7.36 bn Across Four States

Indian Railways has approved four projects with a combined value of Rs. 7.36 bn across Uttar Pradesh, Maharashtra, Andhra Pradesh and Gujarat. The programme covers train protection, signalling, electric traction supply and a road overbridge, with each project assigned to a different railway zone. In Uttar Pradesh, Rs. 2.52 bn has been approved to extend the Kavach 4.0 automatic train protection system across 607.7 km in the Lucknow Division of North Eastern Railway. The system monitors train movements and can apply the brakes if a driver fails to observe a signal or exceeds a safe speed. The w..

Next Story
Infrastructure Urban

Chandru Raheja Sells 1.49% Stake in Mindspace REIT for Rs. 5 bn

Billionaire Chandru Lachmandas Raheja has sold a 1.49 per cent holding in Mindspace Business Parks REIT for Rs. 5 bn through a bulk deal on the BSE. The transaction involved 9.9 mn units and was executed at an average price of Rs. 505 per unit, according to exchange data. Following the sale, units of Mindspace Business Parks REIT were trading 0.18 per cent lower at Rs. 504.05 on Tuesday. Exchange data did not identify the buyers involved in the transaction. Raheja is the chairman of real estate company K Raheja Corp. The sale involved 99,00,990 units, representing 1.49 per cent of the Mumbai-b..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code