Private equity (PE) investment in the Indian real estate sector has surged, reaching a significant milestone of US $3.9 billion (Rs 33,100 crore) in the first nine months of the year. This robust inflow of capital signals a strong confidence in the growth
Private EquityReal EstateInvestmentIndiaEconomic GrowthReal EstateOct 08, 2024
The total PE investment in the Indian real estate sector in the first nine months of the year is US $3.9 billion (Rs 33,100 crore).
US $2.2 billion (Rs 18,600 crore) in PE investment was recorded in the third quarter of the year.
The growth in the Indian real estate market is driven by government initiatives, favorable demographic trends, increasing urbanization, the shift towards affordable housing, and the rise of the e-commerce sector.
Real estate investment trusts (REITs) and infrastructure investment trusts (InvITs) provide a stable and lucrative platform for investment, attracting significant PE investments in the Indian real estate sector.
Technology is enhancing offerings and operational efficiency in the real estate sector. Smart city concepts, green buildings, and sustainable practices are becoming increasingly common, aligning with global trends towards sustainable development.
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While Ahmedabad and Mumbai saw price hikes of 15-21%, Chennai and Kolkata experienced a 22% increase in property prices over the past year. However, the most significant surge occurred in Delhi-NCR, where property prices skyrocketed by an astounding 57%.
In the latest rental update by Magicbricks, Chennai has recorded the highest quarter-on-quarter (QoQ) rent increase of 22.2%, while Mumbai continues to be the most expensive rental market.
The Governor of Maharashtra has unveiled a special postage stamp in honor of the late Mulchand Shah, a prominent figure in the real estate and business sectors. This initiative aims to commemorate his invaluable contributions to the development and progre
As we move into H2 FY25, we remain committed to scaling our efforts and further solidifying our position as leaders in India's digital real estate market.
The Maharashtra government has introduced an advanced version of the Public Complaint and Resolution System (PCRS) app, known as PCRS 2.0, to tackle road issues more efficiently. This initiative aims to streamline the process of reporting and resolving urban infrastructure problems.