India’s property deals drop 82% in Q3
India’s total property transaction volume over the first nine months fell by 42% year on year to $1.40 billion, said property consultant Colliers International. The drop in transactions, however, seems against the popular perception of investors’ interest in the Indian real estate market. “ Numerous sovereign and international private equity funds including ADIA, GIC, Temasek, QIA, CPPIB, Blackstone, Ivanhoe Cambridge, Macquaire, Brookefield, Morgan Stanley, JP Morgan, KKR and Warburg Pincus either already have invested or are widely believed to have firm near term investment plans for the Indian real estate market,” said Colliers in a report.
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