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Private equity in realty sector dips 5.6% to Rs 5,170 cr
Posted on Apr 29, 2015

PE investments in realty sector declined during Q1, 2015 over the previous quarter due to 65% fall in commercial office investments

Private equity (PE) investment in the real estate sector fell by 5.6% to Rs 5,170 crore in the first quarter this year, over the previous three months, says property consultant Cushman & Wakefield.

It was, however, up by 84% over the January-March period of last year.

"Private Equity (PE) funds invested about Rs 5,170 crore (USD 829.8 million) in the real estate sector in the first quarter of 2015, a decline of 5.6% from the previous quarter," the consultant said in its latest report 'Investment Marketbeat' for Q1, 2015.

PE investments in realty sector declined during Q1, 2015 over the previous quarter due to 65% fall in commercial office investments.

"Of 16 transactions closed in the first quarter of 2015, 15 were pertaining to residential assets totaling Rs 2,750 crore and 1 valued at Rs 2,420 crore was for commercial offices," the report said.

In view of liquidity crunch and subdued demand, the real estate developers find PE funds an important alternate source to meet their funding requirements.

"Chennai registered the highest volume of PE investment at Rs 2,880 crore during the first quarter of 2015, followed by Delhi-NCR at Rs 930 crore and Bengaluru at Rs 900 crore," the report said.

Delhi-NCR, Mumbai and Pune saw a decline in investments over the preceding quarter whereas PE inflow increased in Bengaluru and Chennai.

Number of PE deals also fell to 16 during January-March quarter compared to 22 deals in the previous quarter. Foreign funds executed five transactions during the quarter, compared to eight in the previous quarter.

About 82% of the PE investments during the quarter were by foreign funds and the remaining 18% by the domestic fund.

"With improving macro-economic conditions, enabling policy environment, recovering demand, and increasing capital requirements of the Indian real estate sector, PE funds are likely to make significant investments in the next few years," C&W Executive Managing Director South Asia Sanjay Dutt said.

In 2014, PE investment in the realty sector jumped over two-fold to Rs 15,410 crore compared with the previous year.

The private equity players would continue to favour residential and leased office assets, he said, adding that PE funds would collaborate strictly with renowned developers to protect their investments.


HDFC to lend women home loan borrowers at 9.85%
Posted on Apr 27, 2015
India's largest home financier HDFC has brought down its home loans rates by 5 basis points to 9.85% for women loan borrowers matching it to the rates offered by State Bank of India (SBI) and ICICI Bank.A loan product called 'Women Power' will be applicable to women, who is a sole or joint owner of the property and first applicant. It is also appli ...

Chennai housing market reports 57% fall in launches
Posted on Apr 27, 2015
Chennai witnessed launch of 3,200 new residential units during the first quarter of 2015, which is a 57 per cent decline from the same period last year. Residential sales in the city accounted for 13 per cent of the total launches across eight top metros during the quarter, according to real estate consultant Cushman & Wakefield.The report, however ...

Ahmedabad sees 25% decline in construction of new housing units
Posted on Apr 27, 2015
In three months between January-March 2015, only 1750 new housing units were built in Ahmedabad. This is 25 percent less than the number of houses built during the same period last year, stated a report released by global consultants Cushman & Wakefield (C&W) on Thursday.“Western peripheral locations such as Bopal, South Bopal and Ambli comprised o ...

Huge Demand for Affordable Housing Projects in Gurgaon and Faridabad - GenX Deals
Posted on Apr 24, 2015
New Delhi, Delhi, IndiaThe popular belief of shelling exorbitant money to own a house in plush areas of Gurgaon and Faridabad is all set to change. Haryana, which has emerged as a premium property hub, is embarking on affordable housing projects to make the dream of living in the posh societies come true for a common man.The new policy of Haryana g ...

Fadnavis says govt to ease norms if developers focus on affordable housing
Posted on Apr 24, 2015
MUMBAI: Chief minister Devendra Fadnavis on Wednesday said his government will amend rules and regulations to facilitate execution of affordable housing across the state. Calling upon developers to work closely with the government and build low-cost houses for the lower middle class, he said, "We will make the laws flexible and I am ready to face c ...

Supertech may list six malls as REIT to raise Rs 500 crore
Posted on Apr 24, 2015
NEW DELHI: Real-estate firm Supertech is looking to pool six of its operational and rented out malls to list them as a real estate investment trust (REIT) in India to raise close to Rs 500 crore in 2015-16, its chairman said. The company has 2 million sq ft of retail space spread across the six malls — two in Ghaziabad and one each in Noida, Meerut ...

Sobha launches ‘Sobha Dream Series’
Posted on Apr 24, 2015
Sobha Ltd. has launched one of its most distinctive projects, ‘Sobha Dream Acres, the first of its kind under its new segment - ‘Sobha Dream Series at Balagere, Bengaluru. This project is a unique residential development to cater to the aspirations of salaried professionals and perfectly suited to the requirements of nuclear families and those wh ...

A life of luxury and exclusivity awaits you in Pune
Posted on Apr 22, 2015
Innovation, exclusivity and luxury are fast-topping the checklist of things that people look for while buying a home. Your home is not just a place where you stay, but one that reflects your lifestyle. No wonder then that more and more people are leaving no stone unturned in finding themselves sophisticated and extravagant homes. After all, your ho ...

Building projects to be delayed as Maharashtra govt scraps Mumbai development plan
Posted on Apr 22, 2015
MUMBAI: The Maharashtra government's decision to put Mumbai's new development plan on the backburner and review it following large scale protests will delay permissions for building projects.Anshuman Magazine, Chairman & MD, CBRE South Asia Pvt. Ltd, said, "The biggest issue which will arise out of this decision is what will happen in the transitio ...

Piramal invests in ShriramProperties
Posted on Apr 22, 2015
After it invested in Shriram Groups financial services business, the Piramal group put in Rs 75 crore in Shriram Summit, a residential project coming at electronics city in Bengaluru, sources said. Shriram Properties is reportedly in talks with the Piramal Enterprises, ICIC Pru, Ask Property and others to raise around Rs 300 crore to support its R ...

RBI, lenders huffing & puffing over interest rate cuts
Posted on Apr 21, 2015
For Indias Central bank, the government and more importantly borrowers, its been frustrating. Much after inflation inched down — way below the projected trajectory of the Reserve Bank of India — and two interest rate cuts by the RBI, by 25 basis point each time since the start of the year, most local lenders have been unmoved.That was enough for ...

Goa's real estate scene harsh, makes afforable homes a dream
Posted on Apr 21, 2015
Top architects in the state claim that excessive speculative housing, which effectively means future housing prices driving a current demand for housing, and the trend of second homes need to be curbed by a comprehensive housing policy.Speaking to IANS on the sidelines of an international architecture forum in the state capital, former chairman of ...

Eden Group Launches New Residential Project - Eden Richmond Park!
Posted on Apr 20, 2015
Eden Group is the leading real estate company in Kolkata that has off late built a formidable reputation for itself in the reality business. They primarily focus on meticulous planning, place attention towards architectural variations and relies on the cutting edge technology. Over the years, they have delivered inexplicable products to hundreds of ...

Piramal now said to have invested in Shriram Group's real estate business
Posted on Apr 20, 2015
After it invested in Shriram Groups financial services business, the Piramal group put in Rs 75 crore in Shriram Summit, a residential project coming at electronics city in Bengaluru, sources said. Shriram Properties is reportedly in talks with the Piramal Enterprises, ICIC Pru, Ask Property and others to raise around Rs 300 crore to support its R ...

Golden Tulip Hotels expands footprint with launch of Vasundhara Delhi-NCR
Posted on Apr 20, 2015
Golden Tulip Hotels continues to expand its footprint in India with the launch of its new property - Golden Tulip Vasundhara Delhi-NCR in the premium and luxury category.Launched in 2007 in India, the company now has 17 operational properties all over the country and three new properties opening under four and five star categories this year, which ...

Hyderabad: Eastern suburbs offer new launches
Posted on Apr 20, 2015
HyderabadAre you looking for a new launch or recently launched project in Hyderabad? Chances are that you may come across some of these projects in the eastern part of the city. Why? Well, read on.Reeling under the pressure of unsold inventory, all prime developers have held back new launches in the city. However, certain locations in the eastern p ...

Delhi government lifts ban on illegal construction registration
Posted on Apr 20, 2015
Delhi/NCRDelhi government has lifted the ban on registration of properties that have been booked for unauthorized construction by the municipal corporations. The revenue department had imposed the ban through an order dated April 26, 2011. However, the government stated that illegal construction will remain actionable by the authorized agency. Also ...

Demand for office space up in south
Posted on Apr 20, 2015
BangaloreBengaluru south has been one of the major real estate hubs of the city, witnessing hectic development across all fronts residential, commercial and retail. Strong infrastructure and presence of preferred residential localities contributed to the development of this zone.Commercial development across Bengaluru south picked up pace with the ...

Investment in real estate plummeted 6% in 4 years: Poll
Posted on Apr 20, 2015
Investment attracted by the real estate sector from various public and private sources across India have declined by 6 per cent in the last four years, says a survey. The investment fell to Rs 14.3 lakh crore in 2014-15 from a level of Rs 15.2 lakh crore in 2011-12, the survey by Assocham said. Real estate projects involving about 76 per cent of th ...




Recent Articles
Private equity in realty sector dips 5.6% to Rs 5,170 cr
HDFC to lend women home loan borrowers at 9.85%
Chennai housing market reports 57% fall in launches
Ahmedabad sees 25% decline in construction of new housing units
Huge Demand for Affordable Housing Projects in Gurgaon and Faridabad - GenX Deals
Fadnavis says govt to ease norms if developers focus on affordable housing
Supertech may list six malls as REIT to raise Rs 500 crore
Sobha launches ‘Sobha Dream Series’
A life of luxury and exclusivity awaits you in Pune
Building projects to be delayed as Maharashtra govt scraps Mumbai development plan

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