Foreign Funds Pour 16.7 Billion USD In Indian Realty Mart
New Delhi: Foreign funds are sharpening their focus on Indian real estate market and have poured more than 16.7 billion USD since 2015, according to a report by Federation of Indian Chambers of Commerce & Industry (FICCI) and property advisory firm Vestian.
“This positive development depicts the increasing level of confidence shown by foreign investors in Indian real estate, largely on account of the sector progressing towards being more structured, transparent and efficient post the new reformatory measures,’ the report says.
Foreign funds have been conducted several big-ticket deals during the period in the Indian realty market. Among the foreign investors, a slew of Singapore-based PE firms such as GIC, Ascendas- Singbridge and Xander have been fairly active in India’s realty market. These players accounted for majority of the Private Equity (PE) investment during the period 2015-2019.