Significance of Real Estate Fund Management in India

Ashish Gupta, Anil Sawhney, Deepak Bajaj and Sunil Agarwal

Journal of Real Estate Literature, 2017, vol. 25, issue 1, 141-168

Abstract: Private equity real estate (PERE) in developing markets has limited reliable publically available data. In this paper, we analyze the transaction data of PERE in India for the 2005–2015 period. Investments during this period are classified into three phases depending on major policy, economic, and political events that shaped these investment phases. These three phases are 2005–2008, 2009–2013, and 2014–2015. During the first phase, opportunistic equity investments in development assets were favored by investors. In the second phase, equity investments got transformed to structured debt. During the third phase, long-term investment by institutional investors and fund managers in the form of platform transactions took place. REITs, Housing for All by 2022, Smart City Mission, tax reforms, and other government initiatives are likely to improve transparency and corporate governance in real estate. These initiatives will help to grow investments and organize the real estate industry in India.

Date: 2017
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://hdl.handle.net/10.1080/10835547.2017.12090445 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:taf:rjelxx:v:25:y:2017:i:1:p:141-168

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/rjel20

DOI: 10.1080/10835547.2017.12090445

Access Statistics for this article

Journal of Real Estate Literature is currently edited by Sophia Dermisi and Kimberly Winson

More articles in Journal of Real Estate Literature from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().