Re­tail realty in­vest­ment share in tier ii & iii cities sur­pass met­ros

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In­vest­ments into re­tail real es­tate has gained mo­men­tum in tier II and tier III cities and ac­counts more than met­ros, ac­cord­ing to prop­erty con­sul­tant firm JLL In­dia.” with re­tail as­sets be­com­ing more lu­cra­tive, thanks to the im­pend­ing launch of real es­tate in­vest­ment trusts (REITS), the pe­riod be­tween 2015 and Q3 2017 saw an as­ton­ish­ing 54 per cent of over USD 1.57 bil­lion in­vest­ments in re­tail real es­tate hap­pen­ing in tier II and III cities, well ex­ceed­ing those in the met­ros,” JLL In­dia MD, re­tail ser­vices, Pankaj Ren­jhen said in a state­ment. This in­cludes en­tity-level deals, plat­form deals and ac­qui­si­tion of stakes in malls. Some of the global pri­vate eq­uity funds have been in­vest­ing in the re­tail real es­tate sec­tor to di­ver­sify their in­vest­ment port­fo­lios in In­dia, Ren­jhen said. Apart from Mum­bai, in­vest­ment largely took place in cities such as Pune, Bengaluru, Am­rit­sar, Indore, Ahmed­abad and Chandi­garh, the firm said. In­vest­ment by PE funds in re­tail real es­tate as­sets will also bring a struc­tured ap­proach to leas­ing, lead­ing to a more reg­u­lar per­for­mance eval­u­a­tion of brands within malls, it said.

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