Private equity investment in Indian real estate falls 4%

18 Oct 2024 CW Team

Private equity investments in the Indian real estate sector decreased by 4% to $2.3 billion in the first half of the fiscal year, primarily due to a decline in funding for office assets, according to Anarock.

The consulting firm reported that the number of deals dropped to 17 during April-September, down from 24 in the same period last year. Shobhit Agarwal, MD & CEO of Anarock Capital, noted that foreign investors, who primarily drive office investments, have pulled back due to global issues such as geopolitical tensions and rising interest rates.

Despite the decline, the overall dominance of foreign investors in the Indian real estate market remains stable, bolstered by significant investments like the ADIA/KKR partnership in Reliance Retail's warehousing assets.

Historical data shows a fluctuating trend in private equity investments: $1.2 billion in H1 2020-21, $2 billion in H1 2021-22, $2.8 billion in H1 2022-23, $2.4 billion in April-September 2023-24, and now $2.3 billion in H1 2024-25.

Interestingly, the average deal size has increased by 23% year-on-year, largely driven by the Reliance-ADIA/KKR warehousing deal, which accounted for 67% of total investments in the first half of FY25.

Foreign investors comprised 87% of the total private equity investments during this period. The industrial and logistics sectors attracted 67% of total investments, significantly outperforming both the office and residential sectors, which each garnered 17%. While office sector investments plummeted by 79%, the industrial and logistics sectors saw a remarkable 378% increase compared to the previous financial year.

Infrastructure Transport

30 May 2026

Chembur Metro to Boost East Mumbai Links

MMRDA is advancing eastern Mumbai’s urban mobility network, with the upcoming Chembur Metro Station set to emerge as a key interchange and the Mumbai Monorail preparing for relaunch.Dr Sanjay Mukherjee, Metropolitan Commissioner, MMRDA, conducted a site visit to Chembur Metro Station along with Kanhuraj Bagate, Managing Director, MMMOCL. He also visited the nearby VN Purav Monorail Station to review system preparedness and ease of interconnectivity.Once operational, the interchange is expected to offer commuters across the eastern suburbs quicker access, smoother transfers and seamless conne..

Herrenknecht TBMs Drive Thane–Borivali Tunnel Progress

Herrenknecht India has supplied two of the four tunnel boring machines (TBMs) required for the 11-km Thane–Borivali Twin Tunnel Project being developed by the Mumbai Metropolitan Region Development Authority (MMRDA). The project is expected to reduce travel time between Thane and Borivali from 60–90 minutes to around 15 minutes while easing congestion across the Mumbai Metropolitan Region.The first two Single Shield TBMs, named Nayak and Arjuna, feature 13.34-m cutterhead diameters and are designed for hard-rock excavation. They will be deployed to tunnel through the challenging geological..

KBL Launches Smart Skid Mounted Fire Pump Set

Kirloskar Brothers (KBL) has launched its Smart Skid Mounted Fire Pump Set, an integrated fire protection solution designed to improve operational efficiency, remote monitoring and installation flexibility. The system was inaugurated by Ms Madhuritai Misal, Hon. Minister of State for Urban Development, Government of Maharashtra.The Smart Skid Mounted Fire Pump Set is a factory-tested, pre-packaged solution that combines FM/UL-certified motor and engine pump sets with IoT-enabled remote monitoring. Designed to deliver a flow rate of 170 m³/hr at a head of 100 metres, the system aims to provide..