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Private Equity investment in realty up 22% at Rs 28K cr in January-September

 PTI |  2016-11-03 22:10:03.0  |  New Delhi

Private equity (PE) investments in the real estate sector increased by 22 per cent to Rs 28,300 crore in the first nine months of this year with investors’ rising interest in the office and retail assets, says property consultant Cushman & Wakefield. 

In its latest report on Private Equity investments in Real Estate (PERE), C&W said that “the year to date (till September 30) inflows in 2016 increased 22 per cent to Rs 28,300 crore billion (USD 4.24 billion), up from Rs 23,200 (USD 3.6 billion) recorded during the same period last year”. 

Of the total PE inflow, housing sector garnered maximum at Rs 15,040 crore a slight drop from Rs 15,539 crore in the year-ago period. PE investment in office segment stood at Rs 6,182 crore in the first three quarters of the 2016 calendar year as against Rs 4,091 crore in the year-ago period. 

“Owing to the continued interest in pre-leased office assets, the YTD 2016 investments in the commercial office assets have already surpassed the total investment received during the calendar year 2015,” C&W said. Office segment received Rs 6,025 crore in the entire last year.

PTI

PTI

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