Business Standard

PE investment in real estate increases to $2.2 bn in Jul-Sep: Savills India

The PE inflows stood at $ 6.7 billion in 2019, $ 6.6 billion in 2020, $ 3.4 billion in 2021, $ 3.4 billion in 2022, and $ 3.9 billion in 2023

Equity

In the year-ago period, private equity (PE) investments in real estate stood at $ 934 million. | Representative Photo: Shutterstock

Press Trust of India New Delhi

Listen to This Article

Private equity investments in the real estate sector jumped over twofold to $ 2.2 billion in July-September as investors look for gains amid strong property demand, according to Savills India.

In the year-ago period, private equity (PE) investments in real estate stood at $ 934 million.

Real estate consultant Savills India also noted that the PE inflows stood at $ 3.9 billion during the January-September period of this calendar year, touching the investment quantum registered in the entire 2023.

The PE inflows stood at $ 6.7 billion in 2019, $ 6.6 billion in 2020, $ 3.4 billion in 2021, $ 3.4 billion in 2022, and $ 3.9 billion in 2023.

 

"Despite global challenges, India witnessed heightened investment activity with YTD 2024 inflows surpassing all of 2023 investments, reflecting strong investor confidence on the back of a robust macroeconomic environment," said Arvind Nandan, Managing Director, Research & Consulting, Savills India.

During the July-September quarter, the consultant highlighted that the industrial and logistics spaces segment attracted $ 1.7 billion in PE investments, capturing 77 per cent of the total investment volume.

This could be attributed to rising opportunities in the segment due to growing demand from e-commerce players and the government's push towards establishing India as a manufacturing hub, the consultant said.

The commercial office segment ranked second, garnering 21 per cent of the overall PE investments in the September quarter.


(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Oct 08 2024 | 4:12 PM IST

Explore News