Real Estate

Real estate sector attracts private equity worth $3.8 billion in first 3 quarters

Anil Urs Bengaluru | Updated on October 25, 2019

The investments were led by Blackstone, Hines, Ascendas, and Brookefield

With investments led by Blackstone, Hines, Ascendas, and Brookefield, cash-starved Indian real estate sector has attracted close to $3.8 billion in private equity (PE) during the January-September 2019 period. This is a 19 per cent rise year-on-year (y-o-y).

“Total inflows equalled over $3.2 billion in the corresponding period a year ago,” said Shobhit Agarwal, MD & CEO, Anarock Capital.

Commercial real estate continued to attract the highest amount of PE investments, totalling close to $3 billion in the first three quarters of 2019. “In the corresponding period of 2018, the total inflows within this segment equalled nearly $2.1 billion, up 43 per cent in a year,” added Agarwal.

The residential segment, on the other hand, received $295 million this year, against $210 million last year ― a y-o-y rise of nearly 40 per cent.

The retail segment attracted close to $260 million since January till September 2019, whereas last year it saw inflows of $355 million, a reduction of 27 per cent in a year.

Logistics and warehousing witnessed a decline of 27 per cent in total PE inflows in 2019 and equalled nearly $200 million, against $275 million a year ago.

Published on October 25, 2019

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