By earn 
*PE investments in realty sector up 15% to $3 billion in H1: Knight Frank*
Private equity (PE) investments in Indian real estate surged by 15 per cent year-on-year (Y-o-Y) from $2.6 billion in the first half of 2023 to $3 billion in the first half of 2024, according to a report by Knight Frank India, a real estate advisory firm. The warehousing sector dominated with 52 per cent of total PE investments, backed by a single deal of $1.5 billion between Reliance Retail, Abu Dhabi Investment Authority (ADIA), and Kohlberg Kravis Roberts & Co. (KKR). This was followed by residential at 29 per cent and office at 20 per cent. “Indian commercial real estate continues to thrive due to factors like return to work, rising office absorption, and strengthening rental values,” said Shishir Baijal, chairman and managing director, Knight Frank India, in the report. “Looking ahead, we expect some easing of conditions in the western world which will bring back investments from global players. This, combined with India’s growth trends, is expected to lead to increased investment activity from global funds.” Mumbai led the investment landscape with $1.701 billion, followed by Bengaluru and Hyderabad.
* Global market action*
Dow Jones – Up by 0.31% or 128.79 points
FTSE – Up by 0.28% or 22.56 points
CAC – Down by 0.12% or 9.22 points
DAX – Down by 0.44% or 80.73 points
Gift Nifty – Down by 0.25% or 61.00 points
*FII/DII activities*
FII – Bought 1271.45 Cr worth of shares
DII – Sold 529.48 Cr worth of shares.
