Private equity investment in Indian real estate rises 6% to $2.82 bn in Apr-Dec 2024: Anarock
Private equity (PE) investment in Indian real estate rose 6% to USD 2.82 billion during April-December 2024, mainly driven by industrial and logistics parks. Despite a drop in the number of PE deals (24 from 30 last year), foreign funds accounted ...
But, the total investment value rose 6 per cent to USD 2.82 billion from USD 2.66 billion in the period under review.
Foreign funds contributed 82 per cent to the total PE investments during April-Decrmber 2024.
Among assets class, the industrial and logistics sector captured 62 per cent of the total investments, housing 15 per cent, office 14 per cent and mixed-use projects 9 per cent.
Shobhit Agarwal, MD and CEO of Anarock Capital, said the top 10 deals comprised 93 per cent of total PE transactions in the first nine months of this fiscal year.
He noted that the the total PE investment was led by the Reliance-ADIA/KKR warehousing deal which was worth USD 1.54 billion.
"This deal, along with the USD 204 million Blackstone-LOGOS equity deal, significantly boosted the logistics and warehousing sector, which captured 62 per cent of total investment," Agarwal said.
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