The Indian real estate sector is one of the most globally recognised sectors. For the real estate sector, the last few years have been quite speculating. Declining sales played destruction for the sector that is seen as one of the growth drivers for the economy. But things changed for the better in early 2015. The Indian real estate sector has noticed high growth in recent times with the rise in demand for office as well as residential spaces. The first quarter of 2015 has seen some major investments in the real estate industry in India. The major investments in this sector are as follows:
Google Capital has invested in Bengaluru-based online property search platform, CommonFloor.com. It is the Google Capital’s third investment in Asia. Mumbai-based real estate developer
Omkar Realtors and Developers Pvt Ltd is in talks to raise Rs 400 crore from KKR India Asset Finance Pvt Ltd, the member of global investor Kohlberg Kravis Roberts and Co LP (KKR). They are negotiating the deal and the money is being raised for its luxury residential project in Worli.
Goldman Sachs is one of the largest real estate fund managers globally with approximately $29 billion of capital raised since inception in 1991. Goldman Sachs Group bought shares worth Rs 255 crore (US$ 41.23 million) in Vatika Hotels Private Ltd, a company owned by real estate and hospitality firm Vatika Group.
SoftBank Internet and Media Inc will invest, along with Falcon Edge Capital and others, US$ 90 million in Locon Solutions Private Ltd, which runs Housing.com – a realty website. It will be SoftBank’s fourth investment in India this year. The SoftBank Group will become the largest investor in Housing.com after this round of funding. Avendus Capital advised Housing.com on the transaction.
