Major Investments in The Indian Real Estate Industry – 2015

real-estate

The Indian real estate sector has witnessed high growth in recent times with the rise in demand for office as well as residential spaces. According to data released by Department of Industrial Policy and Promotion (DIPP), the construction development sector in India has received Foreign Direct Investment (FDI) equity inflows to the tune of US$ 24.1 billion in the period April 2000-June 2015.

Some of the major investments in this sector are as follows:

  • Google Capital has invested in Bengaluru-based online property search platform, CommonFloor.com.
  • Omkar Realtors and Developers Private Limited is in discussions to raise Rs 400 crore (US$ 60.25 million) from KKR India, the local arm of PE firm Kohlberg Kravis Roberts and Co.
  • Goldman Sachs bought shares worth Rs 255 crore (US$ 38.41 million) in Vatika Hotels Private Limited, a company owned by real estate and hospitality firm Vatika Group.
  • SoftBank, Falcon Edge Capital and a few others invested US$ 90 million in Locon Solutions Private Limited, which runs Housing.com – a realty website.
  • The Qatar Prince, Hamad bin Khalifa Al Thani, plans to invest Rs 1,000 billion (US$ 15.06 billion) over the next five years in at least 10 smart cities of India.
  • Real estate firm Supertech has planned to invest about Rs 2,000 crore (US$ 301.27 million) in Gurgaon over the next few years by launching several luxury and affordable projects.
  • PE firm Warburg Pincus invested Rs 1,800 crore (US$ 271.14 million) in Piramal Realty for a minority stake in the company.
  • China’s Fosun International Limited is seeking to invest US$ 100 million in Locon Solutions, the owner of Housing.com.

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