Hyderabad attracts Rs 2,250-crore real estate investments in H1 2021

Hyderabad: Hyderabad continues to attract private equity investments in real estate and is able to maintain a healthy run rate year over year. The city attracted $ 309.4 million (Rs.2,250 billion) in the first half of 2021 (January through June), representing 12.89 percent of the country’s total investment for the period.

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In the first half of 2021, the city’s investments outpaced its counterparts such as Pune ($ 232.3 million / Rs.1,690 billion), Mumbai ($ 188.6 million / Rs.1,370 billion), and Kolkata ($ 104.6 million). Dollars / 760 billion rupees). Chennai did not attract any stand-alone investments during the period.

A joint venture between CPP Investments and RMZ Corp has been established for $ 210 million (over Rs.1,500 billion) for projects under construction in Hyderabad and Chennai. Without a bifurcation, these deals are treated as multi-city deals and are not part of the city-related investment volume.

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Ramesh Nair, CEO, India & MD, Market Development, Asia, Colliers, told Telangana Today in an exclusive interview: “Global companies continue to actively seek Hyderabad locations for their global in-house centers. A good infrastructure in the city, coupled with an extremely proactive and business-friendly government, will encourage the occupiers to expand here. “

Hyderabad saw an investment of $ 79 million (over 570 billion rupees) in the first half of 2020, outperforming Pune, which had an investment of $ 39.7 million (approx. 290 billion rupees), while Bengaluru, Chennai and Kolkata did not attract any stand-alone investments during the reporting period.

At the national level, real estate investments rose to $ 2.4 billion (Rs.18,600 billion) in the first half of 2021, up 52 percent from wealth inflows in the first half of 2020. Investments in the office sector made up almost 35 percent of total investments from half of 2021 in the first half of the year, according to Collier’s research.

“There is huge potential for global funds in India. Office real estate will continue to attract investors because of the steady returns in the asset class and the ability to pool assets under a real estate investment trust, ”added Nair.

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