Bangalore real estate gets maximum PE investment: Media Report

Subscribe to GoodReturns

Bangalore real estate gets maximum PE investment
Bangalore's realty market has received the maximum private equity investment of nearly Rs 2,000 crore in January-September 2013 with increased demand for leased office assets from institutional investors, said the media report.

According to property consultant Cushman & Wakefield report, private equity (PE) investment in Bangalore rose by 79 per cent to Rs 1,979 crore during the first three quarters of 2013 calendar year as compared to Rs 1,106 crore in the year ago period.

"Bangalore witnessed the highest level of announced investment value in 2013 at Rs 1,979 crore ($317 million). This was due to a commitment by a sovereign fund into a platform focused on leased office assets," C&W said.

Moreover, the report stated that PE investment in Pune jumped more than three-fold to 780 crore during January-September against 234 crore in the same period last year. National Capital Region's (NCR) realty market got Rs 612 crore as PE investment, up by 20 per cent from Rs 512 crore during the period under review. In NCR, all the investments were made in the residential asset class.

However, Mumbai was the only city to witness a decline of 43 per cent in PE investments. The financial capital received Rs 720 crore during the first three quarters of 2013 compared with Rs 1,262 crore in the year ago period.

Dion Global Solutions Ltd.

Story first published: Monday, December 9, 2013, 9:11 [IST]
Please Wait while comments are loading...
Company Search
Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

Thousands of Goodreturn readers receive our evening newsletter.
Have you subscribed?