PE inflow into realty sector falls 47% to $1 bn in Q1
Commercial office assets led the quarter with 2/3rd share of the investment pie
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New Delhi: Private equity investment into the Indian real estate sector fell 47 per cent to $1 billion during January-March this year compared to the year-ago period, but the inflows jumped over 4.5 times from the previous quarter, according to property consultant Savills India.
The PE (Private Equity) inflows stood at $1.9 billion in the same quarter last year. During October-December 2021, the investments were at $218 million. "Commercial office assets continued to remain the frontrunner during Q1 2022, garnering more than two-third share of the investment pie.
All the quarterly investment came from foreign institutional investors and was concentrated in core office assets in Bengaluru," Savills said in a statement. Last week, Anarock had reported that the PE investments in the real estate sector fell 32 per cent to $4.3 billion in the last fiscal year from $6.3 billion in the 2020-21 financial year.
