Indian Real Estate Market Witnesses Surge in Deals Worth USD 1.56 Billion in Q2 2024
Indian real estate market sees significant growth in deals, DLF plans expansion, and Budget 2024 expectations
Indian Real EstateGrant ThorntonDeal ActivityPrivate EquityMaCommercial PropertyResidential DevelopmentReal Estate MumbaiJul 18, 2024
The surge in deals is attributed to four high-value transactions, which reflect the economic recovery, increased investor confidence, and supportive government policies. According to Shabala Shinde, Partner and Real Estate Leader at Grant Thornton Bharat, the Indian real estate market has shown robust activity in Q2 2024, with 19 deals totalling USD 1.6 billion. This marks a promising period for deal-making.
The report notes that there has been a robust growth trajectory in overall deal activity, primarily driven by substantial increases in domestic transactions and private equity (PE) investments. M&A deals during the second quarter were valued at USD 123 million, as against USD 32 million in the preceding quarter. Private equity deals jumped 8.5 times to USD 1,439 million in April-June 2024 from USD 168 million in the preceding quarter.
The report highlights that four top deals (all from the PE segment) alone accounted for 85 per cent of the total deal value. Brookfield India Real Estate Trust's acquisition of four grade A commercial assets from Bharti Enterprises in Delhi for USD 723 million marked the largest transaction of the quarter. In the residential development segment, Abu Dhabi Investment Authority and Kotak Alternative Investment Fund invested USD 240 million in Prestige Estates Projects, and Indiabulls Constructions acquired Sky Forest Projects from Blackstone for USD 78 million.
In other news, DLF plans to expand its housing and commercial property business, with plans to enter the Mumbai and Goa markets. This move is likely to further boost the real estate sector.
Information Grant Thornton is a global consultancy firm that provides audit, tax, and advisory services to clients across various industries. In India, Grant Thornton Bharat provides consultancy services to real estate companies, including deal advisory, transaction support, and tax services.
Grant Thornton is a leading global consultancy firm with a presence in over 130 countries. The firm provides a range of services, including audit, tax, and advisory services, to clients across various industries.
Keywords Indian real estate, Grant Thornton, deal activity, private equity, M&A, commercial property, residential development, DLF, Mumbai, Goa, Brookfield India Real Estate Trust, Prestige Estates Projects, Indiabulls Constructions, Blackstone,
FAQs
Q What is the total value of deals in the Indian real estate market during Q2 2024?
A The total value of deals in the Indian real estate market during Q2 2024 is USD 1.56 billion.
Q What is the growth rate of deals in the Indian real estate market compared to the preceding quarter?
A The deals in the Indian real estate market have grown nearly eight-fold compared to the preceding quarter.
Q What are the main drivers of the surge in deals in the Indian real estate market?
A The main drivers of the surge in deals in the Indian real estate market are economic recovery, increased investor confidence, and supportive government policies.
Q What is the largest transaction in the Indian real estate market during Q2 2024?
A The largest transaction in the Indian real estate market during Q2 2024 is Brookfield India Real Estate Trust's acquisition of four grade A commercial assets from Bharti Enterprises in Delhi for USD 723 million.
Q What are DLF's plans for expansion in the Indian real estate market?
A DLF plans to expand its housing and commercial property business, with plans to enter the Mumbai and Goa markets.
Frequently Asked Questions
What is the total value of deals in the Indian real estate market during Q2 2024?
The total value of deals in the Indian real estate market during Q2 2024 is USD 1.56 billion.
What is the growth rate of deals in the Indian real estate market compared to the preceding quarter?
The deals in the Indian real estate market have grown nearly eight-fold compared to the preceding quarter.
What are the main drivers of the surge in deals in the Indian real estate market?
The main drivers of the surge in deals in the Indian real estate market are economic recovery, increased investor confidence, and supportive government policies.
What is the largest transaction in the Indian real estate market during Q2 2024?
The largest transaction in the Indian real estate market during Q2 2024 is Brookfield India Real Estate Trust's acquisition of four grade A commercial assets from Bharti Enterprises in Delhi for USD 723 million.
What are DLF's plans for expansion in the Indian real estate market?
DLF plans to expand its housing and commercial property business, with plans to enter the Mumbai and Goa markets.
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