Investors continue to reinforce their confidence in Indian real estate
Globally-linked property consultants JLL believes more REIT listings will be slated for 2022 and beyond in India, which has over 285 million sq ft of REIT worthy office assets that could be securitised at an estimated value of US$36 billion across the top seven cities.
“Investment in India’s commercial real estate market has increased more than five-fold in a decade. As markets reawaken, investors will look to take advantage of strong demographics and governmental reforms,” Stuart Crow, CEO, Capital Markets, Asia Pacific, JLL, said on 7 July 2021 of the REIT prospects and appointment of JLL’s new capital markets head in India.
“Investors continue to reinforce their confidence in Indian real estate and will increasingly demand local expertise paired with global insights. India remains an attractive destination for global capital and we believe it will continue to evolve and mature at a rapid pace in both core and emerging markets,” said Radha Dhir, CEO & Country Head, India, JLL.
Investments into Indian real estate grew by 21% Y-o-Y during the first quarter of 2021, registering volumes of over US$900 million.
Institutional investment in Indian real estate witnessed US$27 billion of capital flows during 2016-20, which was double the amount received during the 2011-15 period. Investment volumes crossed the US$5 billion mark in 2020 despite the pandemic, thanks to large portfolio deals during the year.
With India increasingly prioritised by global investors, JLL said Lata Pillai as Head of Capital Markets, India, effective 15 July 2021, will bolster the group’s service capabilities, fortify its market leadership and position it at the forefront of industry redefining deals.
Based in Mumbai, Lata will advise domestic and international clients on investments and financing solutions in real estate. Her appointment further strengthens JLL’s capabilities in one of Asia Pacific’s most active investment geographies and marks a new phase of growth as the market continues to evolve, said JLL.
Lata will be responsible for leading a diverse team and driving strategy for the India Capital Markets business, which will include supporting growth in cross-regional capital flows and overseeing the asset management and strategic advisory business lines. As global investor interest within the sector continues to rise, she will additionally focus on enhancing the connectivity of the company’s Capital Markets teams with investors in overseas markets.
“Lata’s appointment also reflects our strategy to provide our clients with a broader range of services and deeper insights into local markets. It underscores our focus on expanding our current investment advisory services amid a competitive investment banking environment. This comes at a time when institutional investors are looking to increase their capital allocations to real estate. I am certain that her local market intelligence along with global investor knowledge will enable us to deliver best-in-class solutions to our clients,” Dhir said.
Lata brings 30 years of experience in banking and real estate space. Prior to joining JLL, Lata worked at ICICI Bank, where she was instrumental in building its real estate finance desk. At Deutsche Bank, Lata was head of their Commercial Real Estate group. She also brings experience from Edelweiss Financial Services and Yes Bank in senior leadership positions. #realestate #projects #investment #REIT #banking /fiinews.com
