Private equity funding in Indian office assets in 2017 will surge four-fold to $3.5 billion — beating the 2014 peak, said international property consultant Cushman & Wakefield, pointing to unabated interest of global and domestic institutional investors in commercial real estate.
Buoyed by stability in the commercial sector as well as potential to list under REITs, institutional investors have been keen to plough in funds in leased office assets. Some large office deals currently underway include DLF’s rental arm stake sale to GIC, K Raheja Corp’s commercial portfolio stake sale to Blackstone Group and Hiranandani Group’s office portfolio stake sale to Brookfield.
Read more: The Economic Times
