by admin | May 25, 2021 | Investing, Property
New Delhi : Private equity investors invested around $4.9 billion or Rs 33,700 crore in the Indian real estate market during the January-June period of 2018, a Knight Frank report said here on Wednesday.
Factors such as implementation of the Real Estate (Regulation and Development) Act and the Benami Transactions (Prohibition) Amendment Act, infrastructure status to affordable housing projects, relaxation of norms to encourage Real Estate Investment Trust listings among other encouraged investments into the sector, the report said.
“In the first six months of 2018, $4.9 billion (Rs 33,700 crore) has been invested across 31 deals with an average investment per deal of $158 million (Rs 1,080 crore),” it said.
In 2017, private equity investment in the Indian real estate sector reached $8.6 billion, it added.
The report also said that in the coming years, there is a “greater probability that we may witness a blip in the annual PE (private equity) investments” as the assets that were transacted between January, 2016 and March, 2018 in the big ticket deals have a long gestation period and would take more than a decade to mature and become operationally efficient.
In the office space market, private equity investment was $2,784 million during the first six months of 2018, it said.
—IANS
by admin | May 25, 2021 | Corporate, Corporate Reports, Investing, Property
New Delhi : Foreign investment into the Indian real estate sector stood at $2.6 billion in 2017, a Knight Frank report said here on Monday.
According to Knight Frank Indias Chairman and MD, Shishir Baijal, inflow of foreign capital into the segment registered a 31 per cent growth on a year-on-year basis in 2017.
“Cross-border capital inflows (excluding development sites) to India stood at $2.6 billion in 2017 recording a 31 per cent growth over 2016.
“Ranking an impressive 19th position amongst 73 countries that attracted cross-border capital into their property market, India has surged ahead of its Asia Pacific regional counterparts which collectively attracted lesser capital flows compared to India,” Baijal added.
Foreign investments into Indian real estate was higher than collective foreign investments in the other Asia Pacific countries of Malaysia, Thailand, Indonesia, Vietnam and Philippines, said Knight Frank’s “Active Capital: The Report 2018”.
The report further observed that due to reform measures including the Real Estate Regulatory Act (RERA), Goods and Services Tax and demonetisation, “the attractiveness of Indian real estate potential has caught the fancy of international investors and developers alike resulting into this favourable investment account”.
Capital flow into Indian property market was 10 times higher than the outflow in 2017, it said, adding that “$2.6 billion of inflow was recorded compared to outbound capital flows to the tune of $0.26 billion last year”.
—IANS
