PE pushes $5.7-bn in realty sector

    Reality Project
    In an indication that country’s realty sector is bouncing back to its pristine glory, the global capital flow into Indian real estate in 2016 stood at about $5.7 billion. Though the historic high of 2007, in terms of total inflows was not breached as yet, but last year proved to be the second best year period till date. This year has also started with a bang as real estate companies and projects attracted 19 investments totaling an announced value of $3.41 billion in the first quarter that ended in March. The value of investments in the March quarter was 2.7 times up from the year-ago period, which had seen investments worth $1.25 billion across 18 transactions, showed data from Venture Intelligence. Indian real estate has attracted around $32 billion in private equity so far since 2005. Despite Brexit and uncertainty around the new US president’s outsourcing and visa-related policies, private equity activity looks healthy in 2017 too, thanks to a strengthening and modernizing economy and the growing reputation of India as an attractive investment destination, said CEO and Country Head, JLL India, Ramesh Nair.
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