Real Estate Capital Raises, Deals Triple in FY25: Equirus Capital

04 Jul 2025 CW Team

Capital raised and the number of deals by real estate companies surged over three-fold in FY25, according to a note released by Equirus Capital. The report reveals that both investor interest and institutional confidence in the real estate sector have grown significantly, with REITs outperforming the Sensex and smallcap realty stocks delivering the strongest long-term performance.

The total capital raised rose from Rs 1,09,554 million in FY24 to Rs 3,28,526 million in FY25, representing nearly a three-fold increase. Additionally, the number of deals increased from 5 to 17 over the same period.

Capital Raised by Segment:

Largecap real estate: Rs 393.898 billion
REITs: Rs 312.012 billion
Smallcap: Rs 66.938 billion
Midcap: Rs 526.26 billion

REITs Outperform Broader Market:

Over the past 12 months (till 23rd June 2025), REITs posted a return of 17.9 per cent, nearly three times the Sensex return of 6.1 per cent. In contrast, listed largecap, midcap and smallcap real estate stocks delivered negative returns over the same period.

Smallcap Real Estate Leads Long-Term Gains:

Despite recent volatility, smallcap real estate stocks have emerged as the best-performing segment over the long term, outperforming midcaps, largecaps, REITs and the Sensex since March 2021.

The report underlines a shift in capital market activity within the real estate sector, with institutional investors increasingly favouring REITs for their stable yields and transparency, while smallcaps have attracted long-term investors looking for high-growth opportunities.

Infrastructure Energy

09 Jan 2026

Rajesh Power Secures 65 MW BESS Project in Gujarat

Rajesh Power Services has recently secured a 65 MW / 130 MWh standalone Battery Energy Storage System (BESS) project in Gujarat, marking its entry into utility-scale energy storage. The company received a Letter of Intent from Gujarat Urja Vikas Nigam for the project, which will be developed at Virpore under a tariff-based competitive bidding mechanism supported by Viability Gap Funding through the Power System Development Fund.The project is expected to be executed within 18 months from the signing of the Battery Energy Storage Purchase Agreement. With the ability to supply 65 MW of power for..

ONGC Forms JV with MOL for Ethane Shipping Operations

Oil and Natural Gas Corporation (Oil and Natural Gas Corporation) has recently entered the ethane shipping segment through joint venture agreements with M/s Mitsui O.S.K. Lines Ltd (Mitsui O.S.K. Lines), Japan. The agreements involve equity participation in two joint venture entities—Bharat Ethane One IFSC Private Limited and Bharat Ethane Two IFSC Private Limited—registered at GIFT City, Gandhinagar.Under the arrangement, ONGC will subscribe to 2,00,000 equity shares of Rs 100 each in both entities, resulting in a 50 per cent equity holding in each joint venture, with the remaining stake ..

Waaree Energy Storage Raises Rs 10.03 Billio for 20 GWh Plant

Waaree Energy Storage Solutions Private, a subsidiary of Waaree Energies, has recently completed a strategic fund raise of around Rs 10.03 billion from a group of strategic investors, including family offices, high-net-worth individuals and institutional backers. The funding strengthens the company’s position in India’s rapidly expanding energy storage ecosystem.The capital raise forms part of an announced capital expenditure programme of nearly Rs 100 billion for setting up a 20 GWh advanced lithium-ion cell and battery pack manufacturing facility. The plant will manufacture high-performa..