A Business Standard article quotes Venture Intelligence data on Real Estate investments in India.
According to Chennai-based PE investment data provider Venture Intelligence, PE funds invested $1,047 million in residential real estate across 24 deals in the first six months of the year, against $221 million invested in commercial properties across two transactions. Last year, PE funds invested $2,936 million in residential real estate across 61 deals, against eight transactions worth $979 million for commercial real estate. In the previous two years, PE investments in commercial properties were higher at $717 million (2014) and $991 million (2013) against investment in residential real estate at $671 million and $429 million, respectively.
"In the first wave of PE investments in real estate in India, global investors burnt their fingers with equity investments in residential projects here," says Arun Natarajan, founder and CEO at Venture Intelligence. "This saw domestic funds coming up with more cautious approach to invest in projects through structured debt," he adds.
Related Reading:
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.