Monday, Aug 19 2019 | Time 15:13 Hrs(IST)
image
  • Turkey detains three opposition mayors over suspected terror links
  • Afghan President vows to destroy IS hideouts in country after deadly Kabul wedding attack
  • Couple dead following mine cave-in at Koderma
  • Ashes kept Test cricket alive: Sourav Ganguly
  • ED issues summon to Raj Thackeray in Kohinoor Mill case
  • Airport Expansion: Flights Ops likely to be suspended for 2 wks at Jammu Airport from Oct 1
  • Guv, CM condole death of Dr Jagannath Mishra, govt announces three-day state mourning
  • Govt at people's doorstep : Palaniswami launches grievance redressal scheme
  • Cop murders wife, ends life
  • Malaysian state bans Zakir Naik's religious speeches
  • Govt fully committed to eradicating manual scavenging: Gehlot
  • Yogi shifts SSP of Prayagraj: Summons DGP over the L&O
  • Yediyurappa hits back at former dKarnataka CM Kumaraswamy over his allegation of corruption in transfers of officials
  • Four shot dead in two separate incidents in UP
  • Truckers strike affected import and exports of goods in West Bengal and foreign trade
States » East


Singapore private equity into Indian Real Estate Triples in last 2 Years

Kolkata, Apr 16 (UNI) 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 are funnelling billions of dollars into the country's real estate sector, particularly in South Indian cities.

As per ANAROCK's recent report Private Equity in Indian Real Estate, of the total USD 14.01 bn PE funds into Indian realty between 2015 to 2018, approx. 1/3rd were pumped in by Singapore-based firms alone during the period – the highest among both domestic and foreign investors.

However, of the total PE inflow of USD 1.1 bn in Q1 2019, there were no investments from any of the Singapore-based PE investors such as GIC, Ascendas and Xander.

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.

Singapore investors were on top of the list, followed by PE players from US and Canada. After establishing a strong base in China, India was their logical next destination of preference, according to Shobhit Agarwal, MD & CEO - ANAROCK Capital.

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. In in 2015 and 2016, Singapore-based PE players pumped USD 1.15 bn into Indian real estate. This saw a three-fold jump in 2017 and 2018 - to nearly USD 3.5 bn.

Major players including GIC, Ascendas-Singbridge and Xander have been making steady investments into India. However, in recent years they have scaled up their investments and developments across segments.

Besides commercial spaces including office and retail, players like Ascendas are also diversifying their portfolios and eyeing sunshine sectors like logistics and warehousing.

Over the past four years, GIC has invested close to USD 2.5 bn in Indian real estate, mainly in cities like Mumbai, Chennai, Bangalore, Hyderabad and NCR. For Ascendas, the preferred cities have largely been Hyderabad, followed by Chennai and MMR.

Meanwhile, US-based investors pumped in nearly USD 4.0 bn in the same period (2015 to 2018) and more than USD 700 mn in the first three months of 2019. From the leading US-based private equity players including Blackstone, Goldman Sachs, Hines, Warburg Pincus and Proprium Capital, Blackstone alone infused nearly USD 2.9 bn across Indian cities over the last four years.

A further deep-dive reveals that US-based investors, led by Blackstone, have largely invested in West Indian markets, including Mumbai and Pune. On the other hand, Singapore-based investors have focused on strengthening their foothold in the South Indian markets of Bengaluru, Hyderabad and Chennai.

PE players from Canada, led by Brookefield, were the third-largest investors into Indian real estate over the last four years, with PE infusions close to USD 2.3 bn. The other major PE player active in India is Canada-based pension fund CPPIB.

UNI BM AKM
More News

OYO Hotels & Homes goes multilingual

19 Aug 2019 | 3:10 PM

Kolkata, Aug 19 (UNI) OYO Hotels & Homes today announced multilingual support for its customer app (Android and iOS) and mobile web platforms.

see more..

Asit Tripathy joins as new Chief Secretary of Odisha

19 Aug 2019 | 3:08 PM

Bhubaneswar, Aug 19 (UNI) Mr Asit Tripathy, IAS officer of 1986 batch today joined as the Chief Secretary of Odisha.

see more..

Couple dead following mine cave-in at Koderma

19 Aug 2019 | 3:05 PM

Koderma, Aug 19 (UNI) A couple lost their lives as a closed mica mine in which they had entered to collect mica, caved in at Karmatand under Satgawan Police Station area of this district.

see more..

Body of woman recovered from local river in Gumla

19 Aug 2019 | 2:52 PM

Gumla, Aug 19 (UNI) Body of a middle-aged woman was recovered from a local river at Bada Turiamba village under Bharno Police Station area of this district.

see more..

Guv, CM condole death of Dr Jagannath Mishra, govt announces three-day state mourning

19 Aug 2019 | 2:33 PM

Patna, Aug 18 (UNI) Bihar governor Fagu Chauhan and Chief Minister Nitish Kumar today expressed their deep grief over the demise of former state chief minister Dr Jagannath Mishra.

see more..
image