Despite slow sales and increasing inventories, private equity investors remained optimistic on the real estate sector in India. Citing a report by realty consultant Cushman & Wakefield, The Economic Times reported that in the nine months that ended September, private equity deals in the real estate segment in India increased 26% to Rs 4,700 crore year-on-year.
The report said the increase was attributed to the increase in investments in leased office properties that were income-generating. These investments came from Blackstone Group and other institutional investors. The report also revealed that from January to September this year, total investments in office space also increased Rs 2,476 crore or USD 397 million. This represented more than twice the investments generated in the same nine months from 2011 to 2012.
Source: Venture Capital Post