Press Trust of India | Sep 26, 2016 19:40 IST
Private equity investments in the real estate sector rose 64 per cent to INR 19,137 crore in the first six months of this year on increased interest from both domestic and global investors, as per a report.
The PE investments in real estate stood at INR 11,635 crore in the year-ago period, according to property consultant Cushman & Wakefield.
The total number of deals closed during the first six months increased to 57 as against 46 a year ago, it added.
“Indian real estate has seen good traction from both domestic as well as global investors on the back of reviving economic confidence breaching previous levels. This bull run is expected to continue in the short term with more investments being made in completed/leased corporate assets and other commercial activities such as retail and hospitality and we expect 2016, to be one of the best years in recent past for the real estate sector,” C&W India managing director Anshul Jain said.