Indian real estate attracts $3.8 billion PE during Jan-sept

BENGALURU: India's real estate market attracted $3.8 billion private equity investment from January to September 2019, a nearly 19 per cent yearly rise, according to research by ANAROCK Property Consultants.

Private equity investments were over $3.2 billion in corresponding period of 2018.

Commercial sector comprised 79 per cent overall share, attracting close to $three billion funds, said Shobhit Agarwal, MD & CEO, ANAROCK Capital.

"Foreign private equity funds continued to dominate the real estate investment scene. Top investors included Blackstone, Hines, Ascendas and Brookefield," Agarwal said.

Residential sector attracted $295 million during Januaryseptember 2019 against $210 million a year ago.

Retail and logistics & warehousing saw total inflows of approximately $260 million and $200 million in 2019, respectively. MMR (Mumbai Metropolitan Region) saw maximum inflows at $1.59 billion this year, recording a yearly increase of three per cent.

Pune saw more than 200 per cent yearly rise in investments from $125 million in 2018 to nearly $390 million in 2019.

Hyderabad witnessed a 76 per cent yearly decline from over $790 million in 2018 to just $190 million this year.

Of total $3.8 billion funds in 2019, equity funding comprised 95 per cent share, while the remaining five per cent was via structured debt.

Indian real estate in Q3 2019 alone saw total PE inflows of nearly $1.7 billion, it was stated.