Private equity (PE) investments from foreign funds in Indian realty sector rose by 33 percent to Rs 14,974 crore during last year, according to property consultant Cushman & Wakefield. In a recent report entitled ‘Opportunities for foreign investors in Indian Real Estate’, Cushman & Wakefield has reported that Mumbai accounted for about 35 percent of the total foreign investments in 2015, followed by Delhi NCR accounting for about 25 percent of the investments.
“Total private equity (PE) investments from foreign funds in Indian real estate increased 33 percent from USD 1,676 million (approx Rs 11,306 crores) in 2014 to USD 2,220 million (approx Rs 14,974 crore) in 2015,” C&W said in a statement. “The three large cities; Mumbai, Bengaluru and Delhi-NCR continue to attract the highest investments in India and account for about 75 percent of these investments,” said Sanjay Dutt, Managing Director, India, Cushman & Wakefield. However, he said that other cities in India are likely to witness rise in PE investments going forward on the back of government initiatives to relax FDI norms and focus to improve infrastructure across the country.