Business Standard

Real estate-focused PEs going slow on investment in Mumbai, NCR markets

Motilal Oswal is raising Rs 1,200 crore for its fourth real estate fund

The new facility will be over  and above the existing  finance schemes of the housing sector regulator
Premium

Consolidation of developers in Gurugram, Noida and Chennai has been to the tune of 70 per cent since 2011

Raghavendra Kamath Mumbai
Real estate-focused private equity funds are going slow on investments in Mumbai and the Delhi/National Capital Region (NCR), two of the country’s biggest property markets.

This is due to liquidity stress among property developers and prolonged slowing in sales. 

Sharad Mittal, chief executive at Motilal Oswal Real Estate, says they are going 'light' in both regions for lack of good developer partners, besides liquidity issues among developers after the non-bank finance corporation (NBFC) credit squeeze.

“We are dependent on developer partners to exploit the opportunity but there are no meaningful developers in Mumbai. The Noida story is played out and

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Oct 31 2019 | 8:36 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com