Revival in Indian Real Estate: Q2 Deals Soar to $1.56 Billion, Marking 8-Fold Rise
Indian real estate market witnesses robust activity, with 19 deals valued at $1.56 billion in Q2 2024, driven by economic recovery and investor confidence.
Real EstateIndian Real EstatePrivate EquityPe InvestmentsMa DealsReal Estate MumbaiJul 18, 2024
The report noted 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. The M&A deals during the second quarter were valued at $123 million, as against $32 million in the preceding quarter. Moreover, the private equity deals jumped 8.5 times to $1,439 million in April-June 2024 from $168 million in the preceding quarter.
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 $723 million marked the largest transaction of the quarter. 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.
Knight Frank India's report, Trends in Private Equity Investment in India H1 2024, stated that PE investments totalling $3 billion have been made in Indian real estate in the first half of 2024, recording an increase of 15% year-over-year from $2.6 billion in H1 2023. The warehousing sector accounted for the largest share of 52% of total PE investments in January-June 2024, followed by residential (29%) and office (20%). PE investments in the residential sector also saw a significant increase of over 209% to $854 million in H1 2024 from $277 million in H1 2023.
Grant Thornton Bharat is a leading consulting firm that provides insights and advisory services to various industries, including real estate. Knight Frank India is a renowned real estate consultancy firm that provides market research and advisory services to investors and developers.
Frequently Asked Questions
What was the total deal value in the Indian real estate market in Q2 2024?
$1.56 billion
What was the growth rate in private equity deals in Q2 2024 compared to the preceding quarter?
8.5 times
Which sector accounted for the largest share of PE investments in H1 2024?
Warehousing sector
What was the largest transaction of the quarter in terms of deal value?
Brookfield India Real Estate Trust's acquisition of four grade A commercial assets from Bharti Enterprises in Delhi for $723 million
What was the year-over-year growth in PE investments in Indian real estate in H1 2024?
15%
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