Private Equity investment in realty up 26 to 39 billion in JanuaryJune

first_imgNew Delhi: Private equity investment in real estate rose 26 per cent in the first half of this year to $3.9 billion (nearly Rs 28,000 crore) driven by higher inflow in commercial and warehousing projects, according to property consultant Colliers. PE inflows from foreign investors increased 28 per cent during the first six months of the 2019 calendar year. “During the first six months of 2019, the real estate sector witnessed private-equity (PE) inflows of USD 3.9 billion (Rs 27,767 crore), eclipsing the first halves of previous years,” Colliers International said in a report. Also Read – Maruti cuts production for 8th straight month in SepThe increase in PE inflow signals rising confidence of institutional investors in India’s premium office spaces, retail properties and warehousing sector, it said. “Foreign funds remain active in the real estate market, with inflows from such investors rising 28 per cent in H1 2019. While foreign funds continue to be active in the commercial office space, they are also investing into the logistics sector,” the report said. “The sector is at an inflection given the 3Rs – Reforms, REITs, and Results of the recently concluded elections. The year 2019 will see the bulls at play, with phenomenal capital influx in the office and logistics space,” said Suresh Castellino, Executive National Director, Capital Markets & Investment Services at Colliers International India. Also Read – Ensure strict implementation on ban of import of e-cigarettes: revenue to CustomsMumbai attracted maximum (27 per cent) of the total PE inflows, garnering around USD 1.05 billion of investments. Pune saw 10-fold increase in PE inflow to USD 237 million in January-June period of this year. During the first six months of the year, investments in commercial office assets accounted for 42 per cent share of total investments. Investors pumped in USD 1.2 billion into the retail sector, accounting for 31 per cent share.last_img

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