Monday, December 14, 2015

Private Equity funds invested Rs.11,080 cr in #Indian #RealEstate in #2015

According to Ashwinder Raj Singh, CEO Residential Services, JLL India the total PE inflows stand at Rs. 11,080 crore against only Rs. 4,000 crore in the corresponding period of last year. The current real estate market is huge for PEs to enter, as most of builders with projects in progress are looking forward to refinance their loans at a lower rate of interest. With the economy on an upswing and most of these projects nearing completion, it makes sense for PEs to refinance loans and enter deals that will fetch great returns in a short period of time. Simultaneously, developers can pay off their earlier investors, refinance their debts at lower rate of interest, get some top up capital and reduce their overall cost of operations. It’s a win-win situation all around.