Hyderabad: Hyderabad continues to attract private equity investments in real estate and is able to maintain a healthy execution rate year over year. The city attracted $ 309.4 million (Rs 2,250 crore) in the first half of 2021 (January-June), accounting for 12.89% of the total investment attracted by the nation during the period.
In the first half of 2021, the city’s investments surpassed its counterparts such as Pune ($ 232.3 million / Rs 1,690 crore), Mumbai ($ 188.6 million / Rs 1,370 crore) and Kolkata ( $ 104.6 million / Rs 760 crore). Chennai did not attract any autonomous investment during the period.
There was a joint venture formed between CPP Investments and RMZ Corp equivalent to $ 210 million (over Rs 1,500 crore) for projects under construction in Hyderabad and Chennai. In the absence of a fork, these transactions are treated as multi-city transactions and are not part of the city’s investment volume.
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Ramesh Nair, CEO, India & MD, Market Development, Asia, Colliers, told Telangana Today, in an exclusive interview, âHyderabad has become a preferred investment destination, especially for office and residential assets. During the period 2015-2019, Hyderabad recorded the highest growth in private equity investments compared to the previous five-year period.
âAs investors continue to look favorably on office assets, Hyderabad’s upcoming office assets will have great potential thanks to the demand from technology companies for their global centers. On the residential side too, investors are exploring the city’s assets due to the sustained demand from the city’s end users. The state has consistently ranked among the top in terms of ‘ease of doing business’, supported by robust infrastructure and investor-friendly government, âNair added.
Hyderabad recorded an investment of $ 79 million (over Rs 570 crore) in the first half of 2020, overtaking Pune which saw an investment of $ 39.7 million (around Rs 290 crore), while Bengaluru, Chennai and Kolkata did not attract stand-alone investments during the period.
Nationally, investment in real estate properties reached $ 2.4 billion (Rs 18,600 crore) in the first half of 2021, representing a 52% increase over asset inflows in the first half of the year. 2020. Investments in the office sector represented almost 35% of total investments in the first half of the year. half of 2021, according to Colliers research.
âThere is huge potential for global funds in India. Office assets will continue to gain the fervor of investors due to the consistent returns of the asset class and the ability to consolidate the assets under a real estate investment trust, âadded Nair.
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