Indian Real Estate Industry Witnesses Deluge of Funds

Despite the recent predictions of a property bubble in U.S, which is a major source of concern, the Indian Realty Sector continues to witness a deluge of funds. Funds are flowing not only from private equity investors but also from builders seeking a toehold in this market.

In between the six months from April 2007 to September 2007 twenty-one private equity deals worth $1,292 million were struck in the realty sector. As per Real Estate Intelligence – a research and consulting firm, this is a substantial increase over eight deals worth $282 million inked in the same period last year.

From investment banking majors Morgan Stanley and Blackstone to UAE-based Khaleej Finance and Investment and Ras Al-Khaimah Investment Authority, Indian realty companies have been attracting a wide range of institutional investors. Institutional investors expect $5 billion to be pumped into Indian real estate over the next three years, says the recent FICCI-Ernst & Young India Real Estate Report 2007.

News Published Under:   Real Estate India |

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