PE inflow in Indian retail real estate doubles to $1.2 billion in 2017, 2018, says Anarock
Updated : May 19, 2019 03:33 PM IST
The consultant attributed the sharp rise in private equity (PE) inflow to further liberalisation in FDI policies such as 51 percent FDI in multi-brand retail and 100 percent FDI in single-brand retail under the automatic route.
US-based funds like Blackstone and Goldman Sachs have invested more than $ 1 billion between 2015-2018, while UAE, Singapore, Canada and Netherlands based funds were also active.
Top favoured tier II and tier III cities included Amritsar, Ahmedabad, Bhubaneshwar, Chandigarh, Indore and Mohali.