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Thursday, 12 October 2023 12:13

PE Investments in Indian Real Estate Rise to USD 117 Mn in 1H FY24

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According to ANAROCK Capital’s report FLUX - 1H FY24, the average ticket size of private equity (PE) investments in the Indian real estate sector increased by 17% from USD 100 Mn in 1H FY23 to USD 117 Mn in 1H FY24. 

The report attributes this growth to a large deal of USD 1.4 Bn, in which Brookfield India REIT and GIC acquired two commercial assets from Brookfield Asset Management in Mumbai and Gurugram.

The report also reveals that:

The top 10 deals accounted for 95% of the total PE investments in 1H FY24, compared to 81% in 1H FY23.

Office assets were the most preferred by investors, followed by data centres and residential real estate.

Equity investments dominated the PE funding, with a share of 89%.

Domestic investments increased by 9%, while foreign investments decreased by 11%.