Mumbai: Real estate developers in India have raised Rs 12,801 crore through qualified institutional placements (QIPs) in the first nine months of this year, marking a significant milestone in the industry's financial health and growth.
Real EstateQipFundraisingCapital MarketsIndiaReal Estate MumbaiOct 28, 2024
A Qualified Institutional Placement (QIP) is a fundraising method used by publicly-traded companies to issue equities or securities convertible into equity to pre-approved institutional buyers. It allows companies to raise capital quickly and efficiently without going through the traditional IPO process.
Real estate developers in India have raised Rs 12,801 crore via QIPs in the first nine months of 2023.
The surge in QIP activity in the real estate sector is driven by enhanced transparency, a robust post-pandemic recovery in residential real estate, and strong investor confidence.
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