Indian Realty Sector Sees 15% Surge in PE Investments to $3 Billion in H1 2024
Private equity investments in Indian real estate surge 15% to $3 billion in H1 2024, led by Mumbai, Bengaluru, and Hyderabad.
Real EstatePrivate Equity InvestmentsIndian Realty SectorWarehousingResidentialOfficeMumbaiBengaluruHyderabadReal Estate MumbaiJul 17, 2024
The warehousing sector has been a dominant player in the Indian real estate market, with a single deal worth $1.5 billion between Reliance Retail, Abu Dhabi Investment Authority (ADIA), and Kohlberg Kravis Roberts & Co. (KKR) contributing significantly to the growth. The residential segment, led by Bengaluru, has also seen a significant increase in PE investments, with a growth of 209% Y-o-Y to $854 million. The office sector, however, has witnessed a decline of 67% to $579 million.
Mumbai has emerged as the leader in PE investments, with a total of $1.701 billion, followed by Bengaluru and Hyderabad. The report highlights that the warehousing sector accounted for 88% of the total PE investments in Mumbai, while the residential sector contributed 12%.
The growth in PE investments in the Indian real estate sector can be attributed to various factors, including the return to work, rising office absorption, and strengthening rental values. Shishir Baijal, Chairman and Managing Director, Knight Frank India, stated,
Frequently Asked Questions
What is the total value of PE investments in the Indian real estate sector in H1 2024?
$3 billion
Which sector has dominated the PE investments in the Indian real estate market?
Warehousing sector
Which city has led the investment landscape in the Indian real estate sector?
Mumbai
What is the growth rate of PE investments in the residential segment in H1 2024?
209% Y-o-Y
What is the total amount raised by Alternative Investment Funds (AIFs) since January 2021?
$5.3 billion
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