Rs 14,720 crore PE walk out of India in 4 years – Jones Lang LaSalle India
According to a white paper issued by Jones Lang LaSalle India, a global real estate services firm, the Indian real estate has witnessed around Rs 14,720 crore of private equity (PE) investor walk outs in the last four years.
74% of the total exits were attributed to foreign funds, says the report. The average ticket size of a PE investor is approximately three times the deal size of domestic investors.
Most of the funds that were invested in 2007-2008 have been exiting at the end of the fund life. The paper ‘Reaping the Returns – Decoding Private Equity Real Estate Exits in India’ states that this year would see exits of about $1 billion.
The exits have been recorded at an average return multiple of about 1.24. The commercial sector recorded an average return multiple of 1.2 while the residential sector recorded 1.1.
The realty sector of India is waiting to implement policy measures like alternative investment fund regulation by the Securities and Exchange Board of India (SEBI) and the introduction of a real estate investment trust.
To read more real estate news:
Property prices will not plunge – Indian realtors
Real estate in Mumbai might not see any price correction
Source: Business Line
Commercial sector, domestic investors, foreign funds, Indian real estate, investment fund, Investor, Jones Lang LaSalle India, PE investor, private equity (PE), real estate investment trust, realty sector of India, Residential Sector, SEBI, Securities and Exchange Board of India, white paper
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