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Time of India
4 days ago
- Business
- Time of India
Institutional investments in Indian real estate set to fall 37% to $3 billion in Jan-Jun: JLL
NEW DELHI: Institutional investments in Indian real estate are estimated to decline 37 per cent to USD 3.06 billion during the first half of this year on global economic uncertainties, according to JLL. Real estate consultant JLL India data showed that institutional investments in Indian real estate are likely to fall to USD 3.06 billion in the January-June period this year as compared to USD 4.89 billion in the year-ago period. Foreign investors' share in total institutional investments in Indian real estate is 68 per cent, while domestic players infused 32 per cent during the first half of the 2025 calendar year. "Investment transactions are experiencing extended timelines due to the challenging international economic conditions and political uncertainties," the consultant pointed out. Institutional investors continue to participate through public market channels, including Real Estate Investment Trusts ( REITs ), Qualified Institutional Placement (QIPs) and investments in listed entities, it added. Lata Pillai, Senior Managing Director, and Head of Capital Markets, India, JLL, said, "India's real estate sector remains a compelling investment destination, buoyed by both domestic and international confidence despite global economic uncertainties having presented short-term challenges in the first half of 2025." A robust pipeline of deals exceeding USD 1 billion points to sustained activity ahead, she added. "The real estate market has consistently demonstrated its staying power with annual investments surpassing the USD 5 billion threshold across the previous five years and we anticipate that capital flows for calendar year 2025 will align with these established benchmarks," Pillai said. As per the data, housing segment got maximum 38 per cent share of the total institutional investments.
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Business Standard
5 days ago
- Business
- Business Standard
Realty to see institutional investments fall 37% to $3 bn in Jan-Jun: JLL
Institutional investments in Indian real estate are estimated to decline 37 per cent to $3.06 billion during the first half of this year on global economic uncertainties, according to JLL. Real estate consultant JLL India data showed that institutional investments in Indian real estate are likely to fall to $3.06 million in the January-June period this year as compared to $4.89 billion in the year-ago period. Foreign investors' share in total institutional investments in Indian real estate is 68 per cent, while domestic players infused 32 per cent during the first half of the 2025 calendar year. "Investment transactions are experiencing extended timelines due to the challenging international economic conditions and political uncertainties," the consultant pointed out. Institutional investors continue to participate through public market channels, including Real Estate Investment Trusts (REITs), Qualified Institutional Placement (QIPs) and investments in listed entities, it added. Lata Pillai, Senior Managing Director, and Head of Capital Markets, India, JLL, said, "India's real estate sector remains a compelling investment destination, buoyed by both domestic and international confidence despite global economic uncertainties having presented short-term challenges in the first half of 2025." A robust pipeline of deals exceeding $1 billion points to sustained activity ahead, she added. "The real estate market has consistently demonstrated its staying power with annual investments surpassing the $5 billion threshold across the previous five years and we anticipate that capital flows for calendar year 2025 will align with these established benchmarks," Pillai said. As per the data, housing segment got maximum 38 per cent share of the total institutional investments.
United News of India
20-06-2025
- Business
- United News of India
India, Central American Integration System hold virtual dialogue, identify areas of cooperation
New Delhi, June 19 (UNI) India and the Central American Integration System (SICA) held a Virtual Dialogue on June 18, during which they identified areas of cooperation including Food and Nutritional security, Health, Connectivity, Agriculture and Digital Transformation. The SICA representatives thanked India for its support in times of need such as the COVID Pandemic and other natural disasters affecting the region. The Indian side was led by Additional Secretary, Rajesh Vaishnaw. SICA was represented by the Vice Minister of Multilateral Affairs of the Republic of Costa Rica, Alejandro Solano, Director of International Cooperation of the SICA Secretariat, Carmen Marroquin, and Senior Officials and Representatives of the SICA Member countries. The current Pro-Tempore Presidency of SICA lies with Costa Rica and will be handed over to Panama later this year. Additional Secretary, in his intervention, underlined that the India SICA relationship is built on a strong foundation of mutual respect, shared values of democracy and sustainable development, and strong commitment to South-South cooperation. India has actively supported a number of initiatives in this region through its development cooperation programmes, including the ITEC capacity-building platform, Quick Impact Projects (QIPs), and the dedicated SME grant programme. Additional Secretary highlighted India's success in Digital Transformation, Affordable Healthcare and Medicines, Disaster Resilience and Renewable Energy stating that India is willing to cooperate further in these areas with the SICA member countries for shared prosperity and sustainable development, a statement said. The representatives from SICA Secretariat and the SICA Member countries appreciated India's proactive role in fostering global South-South cooperation. They mentioned that the India SICA cooperation will deepen further through sustained political dialogue and regional cooperation initiatives. Main areas of cooperation were identified as Food and Nutritional security, Health, Connectivity, Agriculture, Digital Transformation, Energy, Trade and Investment. The representatives from SICA thanked India for its support in times of need such as the COVID Pandemic and other natural disasters affecting the region. The Central American Integration System (SICA) is the institutional framework of Regional Integration in Central America, created by the States of Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and Panama. Subsequently, Belize joined afterwards as a full member; in 2013, The Dominican Republic did likewise. SICA's General Secretariat headquarters are located in the Republic of El Salvador. UNI RN
Economic Times
14-05-2025
- Business
- Economic Times
Vedanta plans Rs 3,500-crore bond sale to refinance debt
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Mumbai: Vedanta plans to raise around ₹3,500 crore through unsecured non-convertible debentures (NCDs) to refinance upcoming debt maturities, people familiar with the matter told bonds, expected to be issued in the last week of May, will carry a tenor of 2.5 to 3 years and are likely to be priced in the 9-9.5% range, the people said. Barclays and Citibank have been mandated to manage the raised ₹2,600 crore in February at a coupon of 9.75%. The current offering could be used to refinance liabilities at the standalone company level."Vedanta continues to evaluate various fund-raising options to strengthen its balance sheet and optimise its cost of funds," a company spokesperson said. "There has been strong investor interest, translating into a steady decline in our overall interest cost." The company declined to comment directly on market and Citibank spokespersons declined to of March 31, 2025, Vedanta's net debt stood at ₹53,251 crore. Total consolidated debt at group is $8.64 billion, with net debt at $6.23 billion. The operating company has ₹11,400 crore of debt maturing in FY26-27, while the holding company, VRL, faces $920 million in debt repayments in FY26 and another $675 million in has deleveraged by $4 billion over the past three years, reducing its average bond coupon by 250 basis points and extending maturities to FY33-34. It has committed to trimming another $3 billion in debt over the next three years, per its latest investor is also working toward a demerger, targeting completion by September 2025. Vedanta's original demerger scheme, unveiled in September 2023, proposed breaking up the conglomerate into six separate entities representing the different revenue streams to create independent, sector-focused entities to improve strategic clarity and unlock value. This NCD will likely be under the residual December 2024, Crisil upgraded Vedanta's NCD rating to AA from AA-, citing the promoter's consistent debt-reduction efforts, including stake sales and capital market transactions like QIPs and OFS.
Time of India
14-05-2025
- Business
- Time of India
Vedanta plans Rs 3,500-crore bond sale to refinance debt
Mumbai: Vedanta plans to raise around ₹3,500 crore through unsecured non-convertible debentures (NCDs) to refinance upcoming debt maturities, people familiar with the matter told ET. The bonds, expected to be issued in the last week of May, will carry a tenor of 2.5 to 3 years and are likely to be priced in the 9-9.5% range, the people said. Barclays and Citibank have been mandated to manage the issuance. Vedanta raised ₹2,600 crore in February at a coupon of 9.75%. The current offering could be used to refinance liabilities at the standalone company level. Bonds Corner Powered By Vedanta plans Rs 3,500-crore bond sale to refinance debt The bonds, expected to be issued in the last week of May, will carry a tenor of 2.5 to 3 years and are likely to be priced in the 9-9.5% range, the people said. Barclays and Citibank have been mandated to manage the issuance. Sebi easing norms for foreign investors buying only government bonds India bond yields seen lower as India-Pakistan ceasefire calms jitters No new tax-free bonds issued since 2016. Here's how to tap existing ones for tax-free income Foreign banks dump $3 billion worth g-secs amid India-Pak tensions Browse all Bonds News with "Vedanta continues to evaluate various fund-raising options to strengthen its balance sheet and optimise its cost of funds," a company spokesperson said. "There has been strong investor interest, translating into a steady decline in our overall interest cost." The company declined to comment directly on market speculation. Barclays and Citibank spokespersons declined to comment. Live Events As of March 31, 2025, Vedanta's net debt stood at ₹53,251 crore. Total consolidated debt at group is $8.64 billion, with net debt at $6.23 billion. The operating company has ₹11,400 crore of debt maturing in FY26-27, while the holding company, VRL, faces $920 million in debt repayments in FY26 and another $675 million in FY27. VRL has deleveraged by $4 billion over the past three years, reducing its average bond coupon by 250 basis points and extending maturities to FY33-34. It has committed to trimming another $3 billion in debt over the next three years, per its latest investor presentation. Vedanta is also working toward a demerger, targeting completion by September 2025. Vedanta's original demerger scheme, unveiled in September 2023, proposed breaking up the conglomerate into six separate entities representing the different revenue streams to create independent, sector-focused entities to improve strategic clarity and unlock value. This NCD will likely be under the residual Vedanta. In December 2024, Crisil upgraded Vedanta's NCD rating to AA from AA-, citing the promoter's consistent debt-reduction efforts, including stake sales and capital market transactions like QIPs and OFS.
