The real estate sector saw significant growth in India from 2005-2014, with $24.1 billion in equity inflows from 2000-2015. The construction industry is the third largest contributor to the Indian economy. Private equity investment in real estate is expected to grow to $3 billion in the next two years. Major players in Indian real estate include DLF Group, Parsvnath Developers, Omaxe, and K. Raheja. The government has taken several steps to support the real estate sector, such as relaxing FDI norms, launching a Housing for All initiative, and establishing regulations for REITs and InvITs.
12. FDI in real estate
INDIAs reality sector saw a significant change during 2005 -14.
Equity inflows to the tune of US$ 24.1 billion in the period April 2000-June 2015.
Government eases FDI rules for construction sector.
The construction industry ranks third among the 14 major sectors in terms of direct,
indirect and induced effects in all sectors of the economy.
14. News about FDI
Private equity in real sector would grow up to $ 3 billion in 2 years
Innovations like REITS will open channels for both commercial and infrastructure sectors.
Asset firm launches $ 250 Mn – fund for investment in INDIA
Real estate firm Supertech has planned to invest about Rs 2,000 crore (US$ 301.27 million) in
Gurgaon over the next few years by launching several luxury and affordable projects.
15. PE firm Warburg Pincus invested Rs 1,800 crore (US$ 271.14 million) in
Piramal Realty
Google Capital has invested in Bengaluru-based online property search
platform, CommonFloor.com
Omkar Realtors and Developers Private Limited is in discussions to raise Rs
400 crore (US$ 60.25 million) from KKR India, the local arm of PE firm
Kohlberg Kravis Roberts and Co.
16. Government steps towards real estate
India’s Prime Minister Mr Narendra Modi approved the launch of Housing for All by 2022
The Government of India has relaxed the norms to allow Foreign Direct Investment (FDI) in the construction development
sector
The Securities and Exchange Board of India (SEBI) has notified final regulations that will govern real estate investment
trusts (REITs) and infrastructure investment trusts (InvITs)
The State Government of Kerala has decided to make the process of securing permits from local bodies for construction
of houses smoother, as it plans to make the process online with the launch of a software called 'Sanketham'
18. DLF Group
Founded in 1946
DLF Group is one of the biggest real estate giants
Built many high-quality buildings across the country, specifically in
Gurgaon.
Developing 22 major colonies in Delhi.
DLF is now present across 15 states-24 cities in India.
19. Parsvnath Developers
It was incorporated on July 24, 1990 under the
Companies Act, 1956 as Parsvnath Developers
Limited.
It has made various developments in areas like
GURGAON, Noida, South Delhi.
20. OMAXE
March 1989 Omaxe Builders Private Limited was incorporated.
March 1997 changed their name to Omaxe Construction Private Limited.
Omaxe ties with wiz craft to set up special theme zone.
23. References
Ministry of Finance
Press Information Bureau (PIB)
Media Reports and Publications
Department of Industrial Policy and Promotion (DIPP)
CREDAI