It has been noted that Bangalore which is considered to be the country's IT capital, has drawn a huge share of private equity (PE) investments in the real estate sector. It is also noted that around 42 percent of Rupees 4,716 crore (roughly $755 million) of the investment flowed in during the period of January and September this year.
Bangalore has made some rapid strides as the city has outperformed all other metro markets. By doing so, it drew three times the share of investments of Pune, which was the second biggest with an equity flow of Rs 780 crore. This further accounted for 16.53 percent of the PE deal volume. Mumbai drew 15.26 percent, or Rupees 720 crore, NCR attracted Rs 612 crore, a 12.97 percent share of the investment pie according to data shared by consultancy firm Cushman & Wakefield.
Moreover, Bangalore's outstanding feat has been led by QIA's (Qatar Investment Authority) investment of $300 million for a 24 percent stake in an SPV of IT park developer RMZ Corp.
Over the similar nine-month period in 2012Overall, PE investment in Indian real estate has grown by 26 percent. Thus, Bangalore reported a 78.93 percent increase, NCR a 20 percent increase and Pune a 233 percent growth. Mumbai, on the other hand came out as the only metro which reported a huge decline as it fell 43 percent.
However, it is considered that the Indian real estate market has done well despite the inflationary pressures and low GDP growth figures. This was coupled with subdued residential sales across the country apart from a 15 percent dip in office space absorption.
Follow Dreamz-Infra-Reviewss Blogspot for regular real estate updates and post Dreamz Infra Complaints here.
Bangalore has made some rapid strides as the city has outperformed all other metro markets. By doing so, it drew three times the share of investments of Pune, which was the second biggest with an equity flow of Rs 780 crore. This further accounted for 16.53 percent of the PE deal volume. Mumbai drew 15.26 percent, or Rupees 720 crore, NCR attracted Rs 612 crore, a 12.97 percent share of the investment pie according to data shared by consultancy firm Cushman & Wakefield.
Moreover, Bangalore's outstanding feat has been led by QIA's (Qatar Investment Authority) investment of $300 million for a 24 percent stake in an SPV of IT park developer RMZ Corp.
Over the similar nine-month period in 2012Overall, PE investment in Indian real estate has grown by 26 percent. Thus, Bangalore reported a 78.93 percent increase, NCR a 20 percent increase and Pune a 233 percent growth. Mumbai, on the other hand came out as the only metro which reported a huge decline as it fell 43 percent.
However, it is considered that the Indian real estate market has done well despite the inflationary pressures and low GDP growth figures. This was coupled with subdued residential sales across the country apart from a 15 percent dip in office space absorption.
Follow Dreamz-Infra-Reviewss Blogspot for regular real estate updates and post Dreamz Infra Complaints here.
