PE slump in India’s housing segment indicates weak investor interest

Photo: Mint

The slump in residential real estate in India is showing up in less private equity (PE) money flowing to it. PE funding for residential real estate is down 34% year-on-year (y-o-y) in the quarter ending June 2018, but the commercial sector seems to be doing well, according to a joint report released by Cushman & Wakefield and the Confederation of Real Estate Developers’ Associations of India (Credai), an industry lobby. Overall, PE investments in the real estate sector have dipped 22% y-o-y to Rs10,080 crore in the June quarter from Rs12,970 crore in the same quarter in 2017.

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