PE investment in real estate expected over Rs 12,000 cr

Posted By: Religare
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PE investment in real estate expected over Rs 12,000 cr
Private equity investment in real estate sector jumped over two-fold to Rs 4,100 crore in the first half of 2014, as compared to Rs 1,650 crore during the same period a year ago and It is likely to cross Rs 12,000 crore by end of the year, as per Business Standard report.

According to property consultant, Cushman & Wakefield report, "Private Equity (PE) investment in real estate in India is likely to exceed Rs 12,000 crore (about USD 2 billion) by the end of 2014."

"The total investment in first half of 2014 was more than double the investment in the first half of 2013 at Rs 1,650 crore. This is also the highest levels of investments in the first half of the year since H1 2009," It said.

Further, the consultant added that the interest increased globally for committing funds for Indian real estate through private equity and the funds are raised mainly for housing projects and leased office purchases.

In the second half of 2014 the PE investment in the realty sector is expected to be about Rs 7,900 crore.

Commenting on the development, C&W, Executive Managing Director, South Asia, Sanjay Dutt said, "Clarity in the governance process and the advent of a stable government with BJP winning elections with a thumping majority at the centre will be critical to the stability of the investment market."

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