PE investment in residential real estate fell 68% to USD 216 million
New Delhi: PE investment in Indian residential real estate market fell 68 percent to just USD 216 million in the first nine of the current calendar years as compared to the same period of 2019.
The PE investment in the warehousing segment fell a drastic 86 percent at just USD 221 million in the first three quarters of the current calendar year as against the corresponding period of 2019.
The situation in the retail segment was even worse. While the first tree quarers of 2019 saw PE investment of USD 397 million, there was no investment in the segment in the same time period of 2020, according to a report by Knight Frank.
The office segment saw merely 32 percent decline at USD 1,871 million investment in the current year.
The real estate industry in the country received PE investment of about USD 2,308 million in as many as 11 deals in the first nine months of the current year. Out of the overall PE investments, the office segment received the maximum share of 81 percent at USD 1,871 million. This was followed by warehousing segment which got 10 percent. The residential segment got 9 percent of the total PE investment.