PE investment in real estate to cross Rs 12,000 crore

Date posted: Tuesday 2 September 2014

Private equity investment in real estate sector jumped over two-fold to Rs 4,100 crore in the first six months of 2014 and is likely to cross Rs 12,000 crore by end of the year. The PE investment in the sector was Rs. 6450 Cr. in 2013. There is an increase in interest globally in committing funds for Indian real estate through private equity. The funds are being raised mainly for housing projects and leased office purchases. Of the total PE inflows in the first half, housing segment accounted for nearly 60% at Rs 2,357 crore. Office assets contributed Rs 1,435 crore and retail Rs 300 crore. Total number of deals in the first half of 2014 increased to 28 compared to 13 in the year-ago period. Average deal size increased by 16 per cent to Rs 146 crore.

(Economic Times)

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