Singapore bets big on realty & sunshine sectors

Realty Sector
Singapore-based investors are betting big on India's commercial realty and other sunshine sectors, including logistics, warehousing and real estate, said consulting firm ANAROCK in its analysis, adding that the top Singapore-based private equity (PE) firms such as GIC, Ascendas-Singbridge and Xander are pushing billions into India's realty sector, particularly in South Indian cities. About one-third of the total $14.01 billion PE investment in India's realty sector between 2015 and 2018 was made by Singaporean firms - the highest amongst both domestic and foreign investors. The fund-starved Indian developers are exploring debt and equity funding from various PE firms. Singapore investors are on top of the list, followed by PE players from US and Canada. After establishing a strong base in China, India is their next destination of preference, said MD & CEO at ANAROCK Capital, Shobhit Agarwal. He added that Singapore-based investors and developers have gained a substantial foothold in India's property market over the last four years.

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