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South-based firms take significant pie of private equity investment: Business Standard

A Business Standard article covering rising Private Equity investments in Real Estate companies quotes Venture Intelligence data:


"According to research firm Venture Intelligence, South-based players saw fund infusion of $6.5 billion (Rs 456 billion) from large fund houses, starting 2014 till date. In this calendar year, PE entities infused $1.6 billion in many large realty firms based out of Bengaluru, Hyderabad and Chennai, across 16 deals. In the period from 2014, realtors in the western region (led by Mumbai and Pune) saw the highest amount of PE investment, of $10.3 billion. Those in the National Capital Region (NCR) attracted nearly $5.3 billion.
In the south, Hyderabad-based Phoenix Group saw the highest amount of investment - $652 million - from PE players Indiabulls, Altico Capital and Canadian pension fund CPPIB, among others.
Bengaluru-headquartered Embassy Group had investment of $638 mn from global PE majors Blackstone, Warburg Pincus and Xander Group, among others. Another Bengaluru-based developer, Prestige Group, saw investment of $450 mn from Xander, Singapore wealth fund GIC and Red Fort Capital, among others, in these years. Other developers having attracted a significant amount of PE funds are Shriram Properties, Nitesh Estates and Salarpuria Sattva."
Venture Intelligence is India's longest serving provider of data and analysis on Private Company Financials, Transactions (private equity, venture capital and M&A) & their Valuations in India.

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