Real estate in Pune will get PE investment
Real estate in Pune is reported as favored destination amongst Real Estate PE funds since 2005.Most of the funds are based out of Mumbai, which gives Pune obvious preference, as the city’s proximity allows these funds to track and monitor the market.
The interest in investing in Pune market is increasing, as it is among the most rapidly growing cities in India after Mumbai, NCR and Bangalore.
Till December 2011, approximately US$800 million PE fund was invested in the real estate market of Pune.
Most of these funds have been invested in the residential property asset class. As residential real estate has proved to be the most consistent and enduring magnet for private equity funds.
61% of the total private equity investments is done in projects located in East Pune. East Pune has the majority of the city’s IT industry developments.
The presence of major IT industry has made the residential projects in Eastern Pune a profitable one.
More related stories:
Rs 500 crore equity fund will be raised by Anand Rathi & Knight Frank
ASK Property Investment will raise $ 250 million
Source: Money Control
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