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Private equity investment in real estate at Rs 1,000 cr in Jan-May

Posted on Jul 13, 2016
New Delhi: Indian retail real estate sector is back in action as it turned attractive for global investors thanks to economic and political stability, liberalization of the FDI policy and improvement in the consumer sentiment.

As a result, private equity (PE) investment in this segment reached $149 million in the first five months of this year. This year investment is likely to break previous record of 2008, according to property consultant JLL.

During the entire 2008, PE investment in the domestic retail real estate segment stood at $267 million. As of May 2016, the total PE investment into Indian retail real estate stood at $149 million or Rs 10 billion. This has beaten most industry experts' expectations, JLL India Managing Director - Capital Markets & International Director Shobhit Agarwal said in a report.

The figure has exceeded investment attracted by the Indian retail real estate industry in the year 2007 and could very well cross the previous high seen in 2008, he added. PE investment into retail almost dried out after 2008 until the year 2015, with 2012 being the only exception, Agarwal said.

Stating that retail real estate has become attractive again for PE investment, he said investment by PE biggies into retail properties would continue in the next six months. Economic and political stability, liberalisation of the FDI policy by the government and improvement in the consumer sentiment are some of the factors working in retail and retail real estate's favour, Agarwal said.

Quality mall space is coming up with strong pre-commitments, which indicates that retailers also continue to remain bullish about the long-term India consumption story, the consultant said.

Looking at the scale of ongoing deals, it seems like PE investment is back into India's retail sector with a big bang. It also goes on to show how retail real estate is back in favour with the global investor community, he said.

Singapore-based GIC invested $149 million into Sheth Developers' Viviana mall at Thane earlier this year, the report said. JLL India said that there are a few deals, apart from one big deal, in the works. If any of these go through, 2016 could prove to be a historic year as far as PE investment into the retail real estate industry is concerned.

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‘FDI reforms, easing of REIT rules will boost realty sector’

Posted on Jul 01, 2016
New Delhi,  Reforms in FDI policy and relaxation of norms in Real Estate Investment Trusts (REITs) will benefit the realty sector, especially the commercial segment, property consultant CBRE said today.Earlier this week, the government unleashed a second wave of FDI reforms, allowing 100 per cent inflows in civil aviation and food processing s ...
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India's net FDI flows to hit $38 billion in FY17

Posted on May 24, 2016
India's net FDI flows are expected to rise further this fiscal to $38 billion on emergence of some "positive signs" such as regulatory easing in select sectors and reform measures initiated by the government, says a report."Net FDI flows in 2015-2016 stood at around $36 billion as against $31 billion for 2014-2015," Kotak Institutional Equities sai ...
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100 percent FDI will have adverse impact on real estate sector

Posted on May 06, 2016
MumbaiDinesh Kathuria, a small retailer in Andheri east, is wondering whether the new announcement to allow 100 percent Foreign Direct Investment (FDI) in e-commerce retailing will have serious repercussions on his business. Already, there exists less business activity compared to the last few years and many of his customers have shifted to the onl ...
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Square Yards set for exponential growth for global Real Estate

Posted on May 03, 2016
New Delhi : Having established itself as the leader in Indian real estate, Square Yards is now betting big on international real estate by marketing and transacting global real estate products to investors worldwide. In the last six months, the company has facilitated sales of USD 60 million worth of international property through 200+ transactions ...
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Blackstone set to buy retail space from L&T Realty for Rs1,450 crore

Posted on Apr 25, 2016
Bengaluru: Blackstone Group Lp is set to buy a million sq.ft of retail space in L&T Realty Ltds Seawoods project in Navi Mumbai for Rs.1,450 crore, said two people familiar with the development.Blackstone has in-principle agreed to buy the retail portion of Seawoods Grand Central, the people said, requesting anonymity.The so-called transit-ori ...
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Experion Developers to invest Rs 175 crore in commercial project in Gurgaon

Posted on Sep 11, 2015
NEW DELHI: FDI-funded realty firm Experion Developers has tied up with Milestone Ventures to develop a commercial project in Gurgaon at a cost of about Rs 175 crore.The project, spread over about 4 acres land, would have a built-up area of about 4.3 lakh sq ft.With this tie up, Gurgaon-based Experion would foray into commercial segment. It is alrea ...
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Affordable housing and cheaper loans should be the focus of budget: Makaan.com

Posted on Feb 20, 2015
The Central government in its maiden budget had focused on Improvement in economic fundamentals, developing smart cities, implementation of infrastructure projects, increasing tax exemption on home loan repayment, etc. Union Budget 2015 is round the corner & expectations have crept up in the minds of Indian home buyers. The Central government in it ...
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Foreign investments to push Thanisandra real estate

Posted on Dec 08, 2014
Thanisandra, a locality in North Bengaluru, has recently attracted Foreign Direct Investments (FDI) for residential projects. These investments are from large companies based abroad. The investments will aid in fast tracking residential development in this part of the city.Of late, Thanisandra is witnessing a rise in demand for mid-segment housing ...
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Noida: Rapidly Emerging Contender In NCR Real Estate

Posted on Sep 12, 2014
Increased buoyancy in the market after the arrival of the new government, especially after the budget has set the ball rolling for real estate sector. With allocation of more funds for affordable housing, easing of FDI norms, implementation of REITs and the special focus on infrastructure development, the government has made it clear that in order ...
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Outlook good for affordable housing

Posted on Aug 20, 2014
The recent Union Budget has changed the definition of affordable housing, pegging this category of houses to their cost, in the range of Rs 50-60 lakh, depending upon the location and city . With availability of easy finance and low EMIs, more number of buyers will now be open to buying budget houses. The new guidelines allow developers to commit 3 ...
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Modi regime might fuel FDI rush into real estate

Posted on May 20, 2014
Experts say with a stable government, things will start improving but the impact might be visible only after six-12 monthsWith a clear mandate for a Bharatiya Janata Party (BJP)-led government at the Centre, developers and experts are expecting a revival and an increased inflow of foreign investments into the realty sector.According to the departme ...
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Govt mulls easing FDI rules for construction development

Posted on Oct 11, 2013
In a bid to bring foreign money to the cash-strapped realty sector, the department of industrial policy and promotion (DIPP) has moved a Cabinet note seeking relaxation of riders on foreign direct investment (FDI) in the construction development sector. The move comes after FDI in real estate dropped 57 per cent year-on-year in 2012-13. At present, ...
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Satellite townships got 5 investors under the FDI

Posted on Sep 18, 2013
Five infrastructure development companies have approached the state government with proposals, expressing their keenness to be partners in the setting up of satellite townships through foreign direct investment (FDI) for which land is being identified at the proposed locations in the state. One of the companies is Noida-based 3C Universal Developer ...
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Changed FDI housing norms to attract mid-level developers

Posted on Aug 16, 2013
New Delhi/Bangalore: The government has proposed easier guidelines for allowing 100% foreign direct investment (FDI) in real estate, hoping to attract mid-level overseas developers to invest in the country.The housing and urban poverty alleviation ministry has sent revised policy guidelines for FDI in the real estate sector to the department of ind ...
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Government may relax FDI norms for real estate sector to boost fund flows

Posted on Aug 13, 2013
NEW DELHI: The government is considering sweeping changes in the foreign direct investment (FDI) norms for the real estate sector to boost fund flows to the cash-strapped sector as well as to bolster the battered Indian currency.The urban development ministry has suggested that real estate firms with less than 50% foreign ownership be exempted from ...
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Integrated township planned for outskirts

Posted on Nov 02, 2012
AHMEDABAD: FDI-backed real estate firm Alpha G Corp, which owns and manages the Alpha One mall at Vastrapur, is looking at setting up an integrated housing project on city outskirts.The Gurgaon-headquartered company has already launched three township projects, one each at Fatehbad in Haryana, Karnal and Amritsar.The company's 1.2 million square fe ...
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Nod on FDI triggers office realty market in Bangalore

Posted on Oct 03, 2012
BangaloreWith the recent announcement of the government to allow FDI (Foreign Direct Investment) in the multi-brand retail sector, realty is expected to get a big boost. The announcement has triggered anticipated buying and development of office space in parts of South and North Bangalore. Places being targeted include ORR (Outer Ring Road), Whitef ...
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FDI in retail will offer market, bring crop diversification

Posted on Sep 28, 2012
Amid divided views on the decision to allow FDI in multi-brand retail, farmers in Punjab, who have been supplying their produce to big companies like ‘Field Fresh, ‘Easy Day and ‘Tata Khet Se feel the move will ensure sourcing of farm produce in bulk and better pricing. They were also of the opinion that it will encourage much needed crop diversi ...
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A'bad builders expect FSI bounty

Posted on Sep 28, 2012
Following the state governments announcement to increase FSI (Floor Space Index) in Surat, Rajkot and Jamnagar, real estate developers in Ahmedabad are hoping a similar windfall comes their way. Higher FSI has been a long-pending demand of developers, who feel vertical growth is essential to stabilise the realty market and provide affordable housi ...
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