India's Realty Sector Sees Surge in Investment with 22 Deals Worth $1.8 Billion in Q2 2024
The Indian real estate sector witnessed a significant upsurge in investment, with 22 deals valued at $1.8 billion in the April-June quarter, driven by commercial development, private equity influence, and technological integration.
Real EstateIndiaInvestmentCommercial DevelopmentResidential DevelopmentReal EstateJul 18, 2024
The quarter was characterized by the dominance of commercial development, which accounted for 37% of the volumes and an impressive 75% of the values. Residential development activity, private equity influence, and technological integration were other key drivers of the sector's growth.\n\nShabala Shinde, Partner and Real Estate Leader, noted that the first half of 2024 has already reached close to the total deal value of 2023, with a marked increase in private equity investments and high-value transactions. This reflects renewed investor confidence and robust economic recovery.
The Indian real estate market is poised for further growth, driven by sustainable and technology-driven advancements. With the urban population projected to reach 600 million by 2031, the future of India's real estate market appears promising.\n\nThe mergers and acquisitions (M&A) activity saw seven deals at $123 million, a 133% increase in volumes and a whopping 248% increase in values from the previous quarter. Private equity (PE) activity saw a 33% increase in volumes and a 757% increase in values, with 12 deals at $1.4 billion. There were two IPOs with a combined issue size of $88 million, compared to no IPO activity in Q1 of 2024.\n\n Information \nGrant Thornton Bharat is a leading assurance, tax, and advisory firm that provides services to a wide range of clients, including real estate companies.
Frequently Asked Questions
What was the total value of deals in the Indian realty sector in Q2 2024?
$1.8 billion
What drove the growth of the Indian realty sector in Q2 2024?
Commercial development, private equity influence, and technological integration
What is the projected urban population of India by 2031?
600 million
How many IPOs were there in Q2 2024, and what was the combined issue size?
2 IPOs with a combined issue size of $88 million
What was the increase in private equity activity in Q2 2024 compared to the previous quarter?
757% increase in values
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