Tag Archives: india real estate

With 25 Deals at $1.3 Bln, India Records Historic High in Real Estate in July-Sept 2024

Posted on by
Reply

India’s real estate sector achieved an unprecedented milestone in the July-September quarter (Q3), with 25 deals valued at $1.3 billion, according to a report by Grant Thornton Bharat released on Monday. This marks the highest number of deals ever recorded in the sector and the second-highest total value since Q2 2023.

The surge in deal values was primarily driven by activities related to qualified institutional placements (QIPs), as well as private equity funding in both residential and commercial segments, including real estate technology firms.

While Q3 experienced a 71% drop in overall private equity (PE) and mergers and acquisitions (M&A) deal values compared to Q2 2024, deal volume saw a slight increase of 5%. Year-over-year comparisons indicate a 54% rise in deal volumes, although values declined by 41% compared to Q3 2023.

During this quarter, there were three inbound deals in property development and two outbound deals in the student housing and online rental platform sectors. PE activity remained robust, with 12 deals totaling $401 million, maintaining consistent volume with Q2 2024. Notably, the two largest deals accounted for $346 million, reflecting a trend of concentrated value in fewer transactions.

Despite the decline in funding values from Q2 2024, Q3 2024’s deal values surpassed those recorded in both Q1 2024 and Q3 2023. Additionally, one initial public offering (IPO) raised $49 million, in line with previous quarters, while QIPs experienced a remarkable surge with four deals amounting to $940 million—a nearly six-fold increase compared to Q2 2024.

The strong QIP activity underscores a growing confidence in real estate firms’ ability to tap into public markets. The report suggests that renewed PE and M&A activity toward the end of Q3 could signal an uptick in momentum heading into Q4 2024.

India’s Real Estate Sector Poised to Become Major Employment Hub: Industry Experts

Posted on by
Reply
India’s real estate sector, already the second-largest employer after agriculture, is on track to become the country’s leading job creator, according to industry leaders. With a compound annual growth rate (CAGR) of 18.7 percent, the sector is seeing unprecedented expansion, making it a key hub for young talent.

The real estate industry is booming in both value and volume, supported by a robust network of developers in residential and commercial projects, contractors, consultants, and investors.

“This ‘mother industry’ is driving growth in related sectors, and the surge of PropTech startups, which have attracted over Rs 40,000 crore in investments, is set to create a multitude of career opportunities,” said Vikas Jain, President-Elect of NAREDCO Maharashtra Next-Gen, at a seminar on Saturday.

Rajesh Doshi, Secretary of NAREDCO Maharashtra, highlighted that real estate is no longer confined to traditional roles like engineering and architecture.

“Today, the industry is a place for ambitious individuals who can transform possibilities into reality. With the integration of technology, big data, and 3D modeling, there is growing demand for professionals such as data scientists to forecast industry trends,” Doshi added.

A recent report by Knight Frank and NAREDCO suggested that the future of India’s real estate market remains optimistic. The ‘Current Sentiment Index Score’ moderated to 65 from its peak in Q1 2024, while the ‘Future Sentiment Index’ adjusted from 73 to 65 in Q2 2024, signaling a positive but cautious outlook.