Singapore private equity into Indian real estate triples in last 2 years
Major Singapore-based private equity firms like such as GIC, Ascendas and Xander are investing billions of dollars into the country's real estate sector, particularly in South Indian cities.
By Sobia Khan, ET Bureau |
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Bengaluru: Singapore investors are betting big on Indian commercial real estate and other new sunshine sectors, including logistics and warehousing.
Major Singapore-based private equity firms like such as GIC, Ascendas and Xander are investing billions of dollars into the country's real estate sector, particularly in South Indian cities.
As per ANAROCK's recent report around one third of the total $14.01 bn of money invested between 2015 and 2018, was pumped in by Singapore-based firms- the highest among both domestic and foreign investors.
Source: ANAROCK Research
"In fact, with their more patient and long-term outlook, Singapore-based investors and developers have gained a substantial foothold in India’s property market over the last four years," said Shobhit Agarwal, MD & CEO - ANAROCK Capital.
In 2015and 2016, Singapore-based PE players pumped $1.15 bn into Indian real estate. This saw athree-fold jump in 2017 and 2018 - to nearly $3.5 bn. US and Canada-based PE investors come next with collective contribution of $3.8 bn PE funds in last 2 years
"With funding from banks and NBFCs drying up over the last few years, Indian developers were being forced to explore debt and equity funding from various private equity players," said Agarwal.
Major Singapore-based private equity firms like such as GIC, Ascendas and Xander are investing billions of dollars into the country's real estate sector, particularly in South Indian cities.
As per ANAROCK's recent report around one third of the total $14.01 bn of money invested between 2015 and 2018, was pumped in by Singapore-based firms- the highest among both domestic and foreign investors.
| Singapore-based Top PE Investors | Approx. PE Funds in India |
| USD (2015-2018) | |
| GIC | 2.5 bn |
| Ascendas | 830 mn |
| Xander | 910 mn |
"In fact, with their more patient and long-term outlook, Singapore-based investors and developers have gained a substantial foothold in India’s property market over the last four years," said Shobhit Agarwal, MD & CEO - ANAROCK Capital.
In 2015and 2016, Singapore-based PE players pumped $1.15 bn into Indian real estate. This saw athree-fold jump in 2017 and 2018 - to nearly $3.5 bn. US and Canada-based PE investors come next with collective contribution of $3.8 bn PE funds in last 2 years
"With funding from banks and NBFCs drying up over the last few years, Indian developers were being forced to explore debt and equity funding from various private equity players," said Agarwal.
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