CY17 is turning out to be an eventful year for real estate with the sector seeing a record private equity investment of Rs.16,000 crore in the first half of the year. The inflows, the highest-ever seen in first half of any calendar year, come against the backdrop of a changing environment, led the government’s renewed focus on affordable housing and the debut of the Real Estate Regulatory Authority Act, which is expected to result in consolidation and better transparency among developers. After bearing the brunt of oversupply, the sector is slowly seeing signs of stability. After 30 months, the number of unsold residential units fell to 4.2 lakh as of June 2017. With developers rushing to register themselves under RERA, the second quarter of CY17 saw a record low of launches across the country. Just 20,000 new units were launched across India’s top seven cities in the second quarter against 26,000 units in the first quarter. The trend is expected to continue as the industry gears up for further consolidation with RERA implementation gaining momentum across the country. Sensing an opportunity to make good returns, it seems investors are going in for the kill.
The New Reality
Real estate sees its higher ever PE inflow during the first half of 2017. What gives?
Summer wine and salad
Kishore Singh - January 19, 2015
A double topping for growth
Meghna Maiti - January 15, 2015
Scriptures for success
Kripa Mahalingam - January 27, 2015
Decoupage goes digital
Kishore Singh - January 27, 2015
The million-dollar question: Is investing a game of luck or skill?
Shankar Sharma - May 04, 2021