[INDIA REAL ESTATE NEWS] Good morning everyone I am Rumi Dhar from Kama Group.
Here I have important INDIA real estate news to share with you which is as mention under.
Private equity investment in Indian real estate plunged 85 per cent during January-August
period of this year at USD 866 million (around Rs 6,500 crore) as investors remained cautious
due to the COVID-19 pandemic, according to Colliers International and FICCI report.
The private equity (PE) inflow stood at USD 5,795 million in the corresponding period of the
Data centres segment attracted maximum investment so far this year at 46 per cent of the
Office segment accounted for 24 per cent of the total PE investment at USD 207 million
(around Rs 1,500 crore) till August of this calendar year. Industrial and warehousing share
stood at 12 per cent, hospitality 9 per cent, housing 8 per cent and co-living one per cent.
"Investors, both foreign and domestic, are adopting a cautious approach to Indian real
estate in the backdrop of the ongoing pandemic," said the report 'Future India: Captivating
Strategic and Private Equity Investments'.
"According to Colliers International, through August 2020, overall private equity inflows into
Indian real estate stood at Rs 65 billion (USD 866 million), which is just 15 per cent of the
corresponding period in 2019," it added.
The report said that newer asset classes such as data centres and rental housing gained
prominence among investors.
"During 2020 through August, the leading segments have been data centres, driven by
demand for cloud infrastructure, as well as offices as, they tend to offer steady rental
income. Robust domestic consumption also maintained investors' confidence in industrial
and logistics assets," the report said.
During January-August 2019, office segment got 47 per cent of the total PE inflows that
stood at USD 5,795 million. Industrial and warehousing had received 9 per cent funds,
hospitality 12 per cent, housing 8 per cent, retail 18 per cent and mixed use development
6 per cent.
Read more at: https://www.business-standard.com/article/economy-policy/private-equity-inflow-in-real-estate-down-85-to-866-mn-in-jan-aug-report-120092300606_1.html
Have a nice day