Magazine : 
PE Investment in Real Estate to Cross Rs 12,000 Cr
Bengaluru witnessed the highest levels of transaction activity in the first half with investments of Rs 2,005 crore, a sharp increase from Rs 103 crore in the year-ago period.
Mumbai received a PE investment of Rs 1,140 crore, while transaction volumes in NCR and Pune were recorded at Rs 580 crore and Rs 167 crore, respectively, during H1 2014.
C&W Executive Managing Director South Asia Sanjay Dutt said: "Clarity in the governance process and the advent of a stable government with BJP winning elections with a thumping majority at the centre will be critical to the stability of the investment market."
Stating that PE investment is largely towards commercial office space with high occupancies or for residential projects as construction capital, Dutt said this trend is expected to continue for the rest of the year.
"There is high liquidity being committed from both domestic and offshore investors," C&W said.
Many sovereign and pension funds are also committing funds to Indian real estate, like All Pensions Group, Abu Dhabi Investment Authority, Qatar Investment Authority, Canada Pension Plan Investment Board, State General Reserve Fund of Oman and GIC of Singapore, through fund managers.
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