Realty News Roundup: PE funds Are Investing More In Real Estate; More FDI in Real Estate In Vizag

Realty News Roundup is PropGuide's selection of top stories from the real estate sector

Top News

According to a recent report, private equity funds have raised their investment in India's real estate sector by nearly three times in the first half of 2015. PE funds invested Rs 11,180 crore in commercial and residential real estate during this period. In the previous year, it was Rs 4,002 crore. Read more.

Vishakhapattanam now attracts foreign direct investment in real estate. US-based Terra Alpha has launched the Port City's first realty FDI project, Celest. Terra Alpha is the real estate arm of the private-equity real estate investment firm SRS Investments. Celest comprises a residential-cum-commercial gated community. Read more.

Off the front page

Bangalore-based Brigade Enterprises has reported an increase of 286% in net profits in the first quarter of the current fiscal year. Read more.

In the smart city race, Jammu and Kashmir, the only Indian state which has two capital cities, will nominate both Jammu and Srinagar as Smart Cities. Read here.

Opinion

An excellent piece on how big data is transforming real estate. Read here.