Home Finance Property Market: Boom in real estate, PE investment doubles to $2.2 billion

Property Market: Boom in real estate, PE investment doubles to $2.2 billion

0
Property Market: Boom in real estate, PE investment doubles to $2.2 billion
Property Market: Boom in real estate, PE investment doubles to $2.2 billion

India’s real estate market is growing rapidly. Investment in this segment is also increasing continuously. During the July-September quarter, the industrial sector and logistics sector attracted PE investment of $1.7 billion which was 77 percent of the total investment amount. At the same time, the commercial office sector stood second by getting 21 percent of the total PE investment.

Private equity (PE) investment in the real estate sector doubled to $ 2.2 billion in the July-September quarter with an aim to profit from the strong demand for properties in the country. Real estate advisory firm Savills India said in a report that PE investment in the real estate sector was $ 934 million in the same period a year ago.

According to the report, PE investment in the January-September period of this calendar year stood at $3.9 billion, which was around the amount of investment recorded in the entire period of the previous calendar year. Earlier, private enterprise investment in the real estate sector was $6.7 billion in the year 2019, $6.6 billion in 2020, $3.4 billion in 2021 and $3.4 billion in 2022.

Arvind Nandan, Managing Director (Research & Consulting), Savills India, said, “Despite global challenges, India witnessed an increase in investment activity and investments in the first nine months of 2024 surpassed the total investments in 2023. This reflects strong investor confidence due to a strong macroeconomic environment.”

According to the report, during the July-September quarter, the industrial sector and logistics sector attracted PE investments worth $1.7 billion, which was 77 per cent of the total investment amount. The commercial office sector stood second by getting 21 per cent of the total PE investments.

Actually, India’s property market is growing rapidly. In the recent past, there has been a good boom in the real estate market. Investors are looking at it as a good possibility. Therefore, investment in the property segment is increasing. If the policy interest rates are cut, this sector can boom even more.

Fixed Deposit Interest Rate: You will get great returns on FD, these banks are giving strong interest of 9 percent

NO COMMENTS

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Exit mobile version