[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.
Knight Frank India in its latest research report – Investments in Real Estate - Trends in PE
Investments – Q3 2020 recorded that Indian real estate attracted private equity investments
of $2,308 million, across 11 deals in year to date (YTD) 2020. Of the total PE investments in
real estate, office segment attracted the largest share of $1,871 million, claiming 81% share,
followed by warehousing at 10% and residential with 9%.
Shishir Baijal, CMD, Knight Frank India, said, “Private equity investors have taken advantage
of this period of economic slowdown to scout for Grade A assets with strong growth trends
for investments. As a result of which, assets in office segment saw positive investment
activities. The average deal size for office investments was also seen to be remarkably
higher in YTD 2020 as compared to full year 2019. Globally, we see investors assessing the
resilience and growth momentum of economies to make large scale investments. India’s
economy, though impacted, is expected to see an accelerated recovery in the next few
Rajani Sinha, chief economist & national director – research, Knight Frank India, said, “We
have witnessed healthy investor interest in the office segment despite the slowdown this year.
While the investors are currently cautious due to the disruptions in the real estate sector
and the sharp economic slowdown across global economies, we feel that the investor, interest
in Indian real estate will remain strong in the long term.”
The report also assesses the assets owned by government of India’s PSUs and estimates that
the top 45 companies hold commercial properties viable for REIT at a potential of over
Rs 1.2 trillion. Office building assets on the balance sheet of these 45 listed PSUs were
considered for this analysis and the residential buildings/townships and plant buildings
(buildings inside the plants) were excluded.
Shishir added, “The first two REITs of India have been immensely successful and garnered
strong investor interest. The potential of the office space market in India has been
fundamentally strong given the generic pace of growth of the economy and the demand.
Thus, in the mid-term to long term basis investment in the asset class is expected to be
positive. This may therefore be a good opportunity for government to monetise the rent
yielding office assets of PSUs.”
Read more at:https://www.constructionweekonline.in/business/15422-indian-real-estate-witness-pe-investments-of-2308-million-in-ytd-2020-knight-frank-india
Have a nice day