The Indian real estate sector is rising from a trough, going by the spurt in capital commitments. Amid buoyant industry sentiment, private equity funds investing in the sector are undergoing a paradigm shift to attain equity-like returns with debt-like risks.
Australia-India trade ties are believed to have become closer than ever. Bilateral trade is currently at A$ 16 billion. Also, both are services superpowers. In Australia´s case, nine of 10 jobs are in services
It is celebration time for Vinayak Deshpande, Managing Director, Tata Projects, as a consortium led by the company has bagged the contract for two phases of the Western Dedicated Freight Corridor (WDRFC).
Canada-based Brookfield has emerged as a surprise bidder for the cement assets of Jaiprakash Associates, the flagship company of Jaypee Group, along with KKR and Co already in the league to clinch the largest M&A deal in the Indian cement sector.
The year 2015 was celebration time for Deshpande. He not just bagged the contract of two phases of the Western Dedicated Freight Corridor, but also signed an MoU with Brookfield Multiplex to develop social infrastructure in India. He elaborates on these two achievements and more.
About 10 years ago, office space in Kharadi - then an emerging IT hub in Pune´s eastern corridor - was leasing at Rs 29 to 37 per sq ft per month; you could buy office property for within Rs 3,000 per sq ft and upmarket residential property for Rs 1,800 to Rs 2,200 per sq ft.
Whether it was large-scale acquisitions or private equity (PE) deals, 2016 was a mixed bag as far as investments in real estate were concerned. The market witnessed transactions worth US$ 5.6 billion during the year as against an approximate US$ 4.6 billion in 2015. Further, PE inflows showed a 62 per cent increase YoY.