
PE funding in real estate drops by 62%
Colliers International says $222 million in PE funding flowed into India’s realty sector in Q1, 2020; it estimates PE inflows of about $3.5 billion in 2020, owing to slow decision-making by investors.
Colliers International says $222 million in PE funding flowed into India’s realty sector in Q1, 2020; it estimates PE inflows of about $3.5 billion in 2020, owing to slow decision-making by investors.
HDFC Ltd chairman Deepak Parekh in a webinar on Tuesday urged real estate developers to sell off their unsold inventory and focus on completing pending projects, rather than new launches.
Industry estimates peg a ₹1-lakh-crore loss to the sector; affordable housing segment to be the worst hit, as 610,000 units were under construction before the lockdown came into effect.
The call for lockdown across major Indian cities will impact housing sales during the upcoming festive season; homebuyers can expect project delays.
India’s top listed developers are realigning their strategies to meet market demand; top 10 developers sold 8.57 million sq. ft. of space in the December 2019 quarter.
Having just raised $51 million in funding, Bengaluru-based real estate startup NoBroker is helping home owners make peace with bachelors.
The MD of real estate firm Puravankara says the country’s burgeoning HNIs are busy looking for million-dollar homes across Bengaluru, Hyderabad, Mumbai, and NCR.