Retail in Asia

In Markets

India’s retail real estate sector makes a turnaround

India Shopping Mall

India’s retail real estate sector received $149 million or about Rs 1,000 crore of private equity investment in the first five months of 2016, according to a report by JLL India.

This accounted for 8% of the total PE investment in India during the period, beating expectations of most analysts and marking a turnaround after the lack of investor interest since 2008 baring the singular exception of 2012.

With PE investment in the segment exceeding that in 2007, some experts said it might well cross the previous high seen in 2008.

“India’s growing reputation across the globe as an investment destination thanks to Prime Minister Narendra Modi’s jaunts, coupled with the slowdown in China’s economy, has led to an upswing in private equity investment flowing into the country,” said Shobhit Agarwal, managing director, capital markets at JLL India.