PE investment in Indian real estate stands at $322 million in Q3 2022
Real Estate

PE investment in Indian real estate stands at $322 million in Q3 2022

Private equity investment inflows into the Indian real estate sector stood at $322 million (Rs.26 billion) according to the latest report by Savills India. As many deals are taking longer timelines, Q4 ...

Private equity investment inflows into the Indian real estate sector stood at $322 million (Rs.26 billion) according to the latest report by Savills India. As many deals are taking longer timelines, Q4 2022 and Q1 2023 should see large announcements on the deals under closure. Investors are cautiously observing the intensifying inflationary pressures that are threatening the nascent economic recovery across the world. The global economy is experiencing an overall slowdown owing to the impact of the Russia-Ukraine war, tightening monetary conditions globally and lingering effects of the pandemic. Commercial office assets continued to remain the frontrunner during Q3 2022, garnering 47 per cent of the investment pie. All the quarterly investment came from foreign institutional investors and was concentrated in core office assets in Mumbai. Mumbai attracted the majority of investments during Q3 2022, garnering about 73 per cent share in the investment pie. The remaining investments were concentrated in Chennai. While Mumbai attracted investments in office and data centre assets, Chennai’s preferred sectors were residential, industrial and data centre assets. “Asset classes such as office, life sciences, data centres, and industrial are witnessing consistent interest and investment inflows. Allocations to the residential sector are also showing green shoots on the back of strong demand and sales. ESG compliance and social impact projects are being preferred by global investors and LPs. In the short term, there will be an impact of interest rates movement, and rupee/dollar position. On a slightly longer term, we will witness new fund managers and investors entering the Indian real estate market which started in 2022,” said Diwakar Rana, Managing Director, Capital Markets, Savills India.

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Infrastructure Transport

Railway stations in Prayagraj undergo major passenger facility expansion

The Railway Board Chairman and CEO, Satish Kumar, conducted an extensive inspection on Saturday alongside the General Manager of Northern Railway and the officiating General Manager of North Central Railway. Their visit focused on various ongoing projects at multiple stations across the Northern and North Central Railway zones, with particular attention to enhancing facilities for the upcoming Maha Kumbh. During the inspection, Chairman Kumar reviewed the construction of a vital bridge over the River Ganga, specifically between Jhunsi and Prayagraj Rambagh. This bridge is expected to significa..

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Infrastructure Transport

Madurai-Thoothukudi broad gauge line works under review

The construction of the Madurai-Thoothukudi broad gauge line, which includes the crucial Melmarudur-Tiruparankundram project, is currently under careful review. This update comes from Southern Railway's assistant public information officer, J Kumarasubramanian, following an RTI inquiry made by a concerned citizen, Dayanand Krishnan. The new broad gauge line is projected to cover a total length of 143.5 km, with the initial 18 km stretch between Milavittan and Melmarudur completed and sanctioned by the Commission of Railway Safety on March 8, 2022. While substantial progress has been made on t..

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Real Estate

DLF expects Rs 26,000 cr from super luxury project in Gurugram

Realty giant DLF is projecting impressive revenue of Rs 26,000 crore from its newly unveiled super-luxury project, The Dahlias, situated in the heart of Gurugram. Ashok Tyagi, the Managing Director of DLF, shared these insights during a recent conference call with market analysts, highlighting the project's potential amidst rising demand for high-end residential properties. The Dahlias project spans an expansive 17 acres and is set to feature approximately 420 ultra-luxury apartments, each boasting a minimum size of 10,300 square feet. This ambitious development has already garnered significan..

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