India brims with $330-bn realty biz avenues

    realty biz avenues
    According to the Managing Director & CEO - ANB Capital Advisors, Shobhit Agarwal, India has a shortage of 18 million homes and requires $330 billion of construction funding. Indian real estate is metamorphosing into a highly transparent industry into which all large global funds will want to enter aggressively. The existing gross bank credit to the sector is less than $55 billion in case considering the larger sector beyond residential the capital infusion requirements are virtually limitless. The intermediary services in this space are very thin on the ground, and there is considerable scope for organized professional advisors. The launch of ANB Capital Advisors could not be better-timed, given the high deal flows in residential and office real estate.

    The firm to be headquartered in Mumbai will focus exclusively on various asset classes of real estate. ANB Capital Advisors, which is actively involved in several big-ticket deals, undertakes transactions under the ambit of investment banking business in the real estate industry. The key focus is on capital markets, corporate finance, hotels and hospitality, land, and warehousing and logistics across India. The firm works with developers, landowners, capital providers, including private equity funds, banks, insurance companies and financial institutions. As a matter of fact, the prevailing funding scenario in the Indian real estate sector is that the quality office assets available at attractive valuations currently attract the majority of equity investments. Residential segment will continue to look for financing options till equity investors focus more on this sector, he added.
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