South-based firms take significant pie of private equity investment

In the south, Hyderabad-based Phoenix Group saw the highest amount of investment

Realtors in south India, especially from this city, attracted a major chunk of private equity (PE) investment over the past four years. A steady demand environment, prudent debt management and faster absorption of office space gave them an edge over others.

According to research firm Venture Intelligence, South-based players saw fund infusion of $6.5 billion (Rs 456 billion) from large fund houses, starting 2014 till date. In this calendar year, PE entities infused $1.6 billion in many large realty firms based out of Bengaluru, Hyderabad and Chennai, across 16 deals. In the period from 2014, realtors in the western region (led