Investors’ Interest In India’s Infra, Realty Rising: E&Y Report

India’s real estate sector is finally springing back to its feet and the fact is proven by the green shoots appearing on the ground at home. Data available with PropTiger.com shows home sales numbers are rising. At the same time, investors’ interest in the sector is also seen reviving.  

According to a recent report by global consultant Ernst & Young (E&Y) there was a 23 per cent jump in venture investments in India in April. A total of $2.4 billion was invested in the country, largely in India’s e-commerce, infrastructure and realty sectors. Investments by private equity and venture capital funds had stood at $1.9 billion in the year-ago period.

Let us look at the key points of the report, from real estate’s perspective:

*Year-on-year comparisons show that the interest in infrastructure and real estate sectors in 2018 seems to be greater than in 2017, which recorded two deals worth $179 million in the month of April.

*While the first three months of this year recorded some large deals in the infrastructure and real estate space, April was led by pure play equity deals. Infrastructure and real estate sectors recorded three deals worth $335 million.

*The highest amount invested by a venture capital into India’s real estate was the $185-million investment by Canadian pension fund CPPIB into Island Star Mall Developers. On the other hand, Blackstone invested $120 million in Salarpuria’s Hyderabad office projects. Local player Piramal Fund also invested $30 million in Appaswamy Real Estates’ Project

With inputs from Housing News