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PE funds invested Rs 4,800 crore in realty sector during Jan-Mar quarter
NEW DELHI: The property consultant CBRE declared that the private equity fund of Rs 4,800 crore had impaled to realty sector in the corporate ground agreement in the January-March. CBRE again stated that the investments came into being when sector was facing the liquidity crunch, high land acquisition costs, and severe meticulousness from the banking segment which assists the Indian real estate to prolong the high-risk sphere.
CBRE said that the almost Rs 4,800 crore have been injected into the sector during the private equity means over the past some months where nearly USD 800 million was invested into India's real estate sector: March 2014.
CBRE again elaborated that quite a few investments has approach in built-up commercial property in the first sector of 2014, also stated "The quarter also witnessed developers seeking equity investment partners with several Indian developers generating cash by disposing off their non-core assets and/or forming joint venture partnerships with investors to develop realty projects,"such as IT SEZs were most sought after due to comparatively better yields over residential assets, stable returns and strong occupier demand.
According to CBRE investigation, the other supplementary input speculation trends experimented during the quarter was land dealings, investments in built-up commercial assets, and the sale of non-core possessions by business entities. The realty advisor also added that more platform deals and equity stake acquisitions are likely to be seen in the approaching lodgings.
Sources By IANS News
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