Business Bureau :
PRIVATE equity (PE) investment in the real estate sector rose 3 per cent to Rs 43,704 crore during the last calendar year on increased interest of foreign investors in commercial properties, property consultant Cushman & Wakefield said on Thursday. According to the data, PE investment in office segment declined to Rs 21,890 crore in 2019, from Rs 23,930 crore in 2018, while housing segment saw 22 per cent fall in PE inflows to Rs 7,457 crore during the period under review, from Rs 9,600 crore a year ago. However, PE investment in retail and warehousing segments increased during last year.
Retail segment attracted Rs 5,500 crore last year as against Rs 1,990 crore in 2018. Warehousing witnessed Rs 3,810 crore worth investment in 2019 as compared with Rs 2,870 crore in the previous year. “With volumes touching Rs 43,700 crore in 2019, in comparison to Rs 42,440 crore in 2018, confirms the confidence of institutional investors in the Indian real estate market,” said Anshul Jain, Country Head & Managing Director, India, Cushman & Wakefield. Jain said, “with strong demand in the commercial segment, investor interest has remained robust in this asset class, for core and build-to-core opportunities.”