Indian Real Estate Sees Surge in QIP Deals, Achieves All-time High

The Indian real estate sector experienced vigorous activity in the September quarter, recording 25 deals worth $1.4 billion, largely driven by Qualified Institutional Placement (QIP) issues. The volume represented an all-time high, with notable contributions also from private equity in residential and commercial properties.

The Indian real estate arena reported significant activity in the September quarter with 25 deals amassing a total of $1.4 billion. This development was majorly propelled by Qualified Institutional Placement (QIP) issues launched by various developers.

A report by Grant Thornton Bharat titled 'Real Estate/REITs Dealtracker -- Providing M&A and PE deal insights' underscores that this quarter achieved an all-time high in deal volume and the second-highest deal value since the previous quarter of 2023.

The report highlighted that while private equity funding in the sector declined from $1.4 billion to $0.4 billion compared to Q2, the deal volumes remained consistent. It was a period marked by steady interest in more strategic, targeted investments despite market fluctuations.

(With inputs from agencies.)