Private equity inflows into the country´s real estate sector surged 62 per cent to Rs 38,000 crore, during 2016, largely helped by Parliament´s clearance of two significant legislations – the Real Estate (Regulation and Development) Bill and GST, says a report. Funds amounting to Rs 23,500 crore were pumped into realty by PE investors in 2015, as per the latest data compiled by global real estate services major JLL India.
The Rs 38,000 crore inflows are the second highest-level for a year since 2007. PE investments worth Rs 21,000 crore alone were pumped into the sector in the second half of 2016. This is 121 per cent more than the PE investments recorded in the same period a year ago.
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