Indian Real Estate Sector Sees Unprecedented Growth with $1.56 bn Deals in Q2 2024
The Indian real estate market witnessed a significant surge in deals during the second quarter of 2024, with 19 transactions valued at $1.56 billion, driven by economic recovery, increased investor confidence, and supportive government policies.
Indian Real EstateReal Estate MarketGrant Thornton BharatPrivate EquityMa DealsReal Estate NewsJul 18, 2024
Grant Thornton Bharat, a leading consulting firm, noted that the Indian real estate market has witnessed a robust growth trajectory in overall deal activity, primarily driven by substantial increases in domestic transactions and private equity (PE) investments. The report highlights that the M&A deals during the second quarter were valued at $123 million, as against $32 million in the preceding quarter. The private equity deals jumped 8.5 times to $1,439 million in April-June 2024 from $168 million in the preceding quarter.
The report further highlights that four top deals (all from the PE segment) alone accounted for 85% of the total deal value. The largest transaction of the quarter was Brookfield India Real Estate Trust's acquisition of four grade A commercial assets from Bharti Enterprises in Delhi for $723 million. In the residential development segment, Abu Dhabi Investment Authority and Kotak Alternative Investment Fund invested $240 million in Prestige Estates Projects, and Indiabulls Constructions acquired Sky Forest Projects from Blackstone for $78 million.
Shabala Shinde, Partner and Real Estate Leader at Grant Thornton Bharat, attributed the surge in deals to economic recovery, increased investor confidence, and supportive government policies. 'The Indian real estate market has shown robust activity, with 19 deals totalling $1.6 billion. This reflects economic recovery, increased investor confidence, and supportive government policies, signalling a promising period for deal-making,' she said.
Information
Grant Thornton Bharat is a leading consulting firm that provides insights and advisory services to businesses across various sectors, including real estate. The firm's report, 'Real Estate/REITs Dealtracker-Providing M&A and PE deal insights', provides a comprehensive analysis of the Indian real estate market and its trends.
Grant Thornton Bharat is a leading consulting firm that provides insights and advisory services to businesses across various sectors, including real estate.
Frequently Asked Questions
What was the total value of deals in the Indian real estate market during the second quarter of 2024?
$1.56 billion
What was the growth rate of deals in the Indian real estate market during the second quarter of 2024 compared to the preceding quarter?
Nearly eight-fold increase
What drove the growth in deal activity in the Indian real estate market during the second quarter of 2024?
Economic recovery, increased investor confidence, and supportive government policies
What was the largest transaction in the Indian real estate market during the second quarter of 2024?
Brookfield India Real Estate Trust's acquisition of four grade A commercial assets from Bharti Enterprises in Delhi for $723 million
What was the total value of private equity deals in the Indian real estate market during the second quarter of 2024?
$1,439 million
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