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India's real estate sector witnessed strong momentum during the July-September quarter, with fundraising through capital markets rising more than twofold to USD 1.15 billion compared with the previous quarter. According to Grant Thornton Bharat, the sector recorded 42 deals across mergers and acquisitions, private equity, and capital markets, amounting to USD 2.85 billion in total. M&A deal value rose to USD 843 million, while private equity deals touched USD 859 million. The capital market remained active with IPOs and QIPs together contributing nine deals worth USD 1.1 billion.
The Indian real estate sector reported a sharp improvement in fundraising and overall deal activity during the July-September period of this year, as per the latest Grant Thornton Bharat Real Estate Dealtracker report. The total deal value across mergers and acquisitions (M&A), private equity (PE), and capital market transactions stood at USD 2.85 billion, reflecting growing investor confidence after a relatively slower performance in the preceding quarter. Advertisement
M&A activity saw a notable rise, with 21 deals valued at USD 843 million, compared with six deals worth USD 195 million in the earlier quarter. This increase indicated higher interest in consolidation and strategic collaborations among developers and investors, especially in the commercial and mixed-use segments.
Private equity investments also rebounded, with 12 deals amounting to USD 859 million, as against seven transactions totaling USD 580 million previously. The improved performance reflected renewed interest from institutional investors focusing on income-generating office assets and logistics developments, which continue to attract steady capital inflows.
The capital market recorded the strongest growth among all categories. Fundraising through this route more than doubled to USD 1.15 billion from USD 488 million in the prior quarter. The activity included five initial public offerings (IPOs) that raised USD 805 million and four qualified institutional placements (QIPs) worth USD 344 million. The Sattva Group and Blackstone-backed Knowledge Realty Trust's USD 547 million public offering alone accounted for around 68 percent of the total IPO value, making it the largest listing in the sector during the period.
The report also highlighted that the equity market showed visible recovery after subdued activity in the first half of the year. Improved investor sentiment, favorable market conditions, and a more stable interest rate environment supported this rebound. Grant Thornton Bharat observed that the return of large-scale fundraising through IPOs and QIPs reflects growing confidence in India's property market fundamentals, particularly in the commercial real estate and real estate investment trust (REIT) segments.
Overall, the July-September quarter marked a significant shift in investor outlook, with both domestic and global participants showing renewed appetite for structured investments and listed platforms. The increase in deal activity across categories suggested a more active phase for the industry as it entered the second half of the year.
Source PTI
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