Construction Industry News
According to a published study, private equity (PE) firms are more interested in real estate market in the National Capital Region (NCR) than the Mumbai Metropolitan Region (MMR) this fiscally year. According to ANAROCK Capital's Flux report, private equity investors have spent $1,215 million NCR real estate in the first nine months of fiscal year 2022-23 (FY23), up from $771 million in the the same period of the previous financial year. According to the report, the total PE influx in the NCR region is, including Delhi and other cities, have increased by 58% annually.
Total PE investment in MMR for FY23 was $224 million, down from $574 million in the same period. period the year before. Chennai increased its participation from 1% of all PE entrants in the top nine months of FY22 to 8% in the first nine months of FY23. According to the data, investments of $268 million were recorded in Chennai in 9M FY23 versus $37 million in the same period previous financial year. Compared to the same time in FY22, PE funding in Indian real estate rose 3% annually to reach $3.4 billion in 9M FY23.
1000
1149
471
799
495
1499
490
1001
1600
4999
400
799
270
899
294
949
231
1049
2009
2999
601
1001
400
799
297
899
