Platform deals, which allow investors and developers to come together for a bunch of projects, have become the norm in the real estate ecosystem and the latest developer to explore this deal structure is Singapore-headquartered Assetz Property.
Piramal Fund Management, the real estate-focused investment arm of Piramal Enterprises Ltd, has invested Rs 750 crore (about $110 million) across a bunch of projects of Bangalore-based Adarsh Developers.
Realty developer SARE Homes has raised Rs 435 crore (around $63.5 million) from non-banking financial company (NBFC) Altico Capital and global investment firm KKR for a township project in National Capital Region (NCR), the Indian investment firm said in a statement.
A slowdown in the real estate sector that has deterred buyers is also affecting banks’ loan growth. In fact, the rate of growth in credit to residential mortgages has slipped to a four-year low in 2015/16, data from Centrum Capital show.