India’s real estate sector attracted $5 billion private equity in 2019: Report

Real estate sector in India continued to keep itself afloat in 2019, buoyed by global investment.The real estate sector received over USD 5.03 billion private equity (PE) inflow in 2019. This is slightly lower, around 2 per cent, compared to the USD 5.13 billion 2018.According to a report by ANAROCK Property Consultants, commercial investment remained a key attraction for PE inflow and the year 2019 saw 66 per cent or USD 3.3 billion injected in the commercial real estate.Both retail and residential also saw a favourable rise in investment last year as compared to the year ago.Of the total investment inflow, 55 per cent was foreign, 8 per cent was domestic, while the remaining 37 was joint investment.The report said Mumbai Metropolitan Region (MMR) and the National Capital Region (NCR) were two of the most attractive destinations for the private equity investors in 2019. Both the destinations together received PE inflows of USD 2.7 billion – a 53 per cent overall PE share – in real estate sector in India in 2019.Kolkata did not see any PE inflow in 2019, while investment in real estate dwindled in Hyderabad and Chennai last year.(Source: https://api.anarock.com/uploads/research/ANAROCK%20IB_FLUX_2019.pdf)ANAROCK Capital MD and CEO, Shobhit Agarwal said,… Read full this story

India’s real estate sector attracted $5 billion private equity in 2019: Report have 301 words, post on m.hindustantimes.com at January 9, 2020. This is cached page on Vietnam Colors. If you want remove this page, please contact us.