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Business Standard
5 days ago
- Business
- Business Standard
₹6,500 cr realty shake-up: Commercial deals soar 2X, residential slumps
Commercial real estate commanded a lion's share of deal activity in the second half of 2025. According to data analysed by consultancy firm Grant Thornton , commercial assets accounted for a dominant 62% of the ₹6,500 crore in total transaction value in the second quarter, up sharply from 30% in Q1. The momentum is being driven by institutional capital flows into rent-yielding office and retail assets, even as residential and mixed-use deals lag behind. Supporting this trend, Grant Thornton Bharat's Real Estate Q2 2025 Dealtracker revealed that the sector recorded transactions worth $2.5 billion (approx. ₹20,875 crore) in the first half of the year. Although that marks an 8% decline from $2.7 billion in H1 2024, the volume of deals actually rose—from 40 last year to 45 this year—highlighting deeper market participation. Total Deal Value: $2.5 billion worth of real estate deals in H1 2025, down 8% from $2.7 billion in H1 2024. Deal Volume: 45 transactions in H1 2025, up from 40 in H1 2024. Commercial real estate accounted for 62% of ₹6,500 crore in total deal value in Q2 2025. Blackstone's $378 million acquisition of South City Mall, Kolkata — the quarter's largest private equity transaction Total Q2 investment stood at ₹6,500 crore, showing a measured slowdown in momentum. Top contributors included office, warehousing, and retail segments. Private equity interest remains strong, especially in income-yielding assets. Investors are focusing on core and core-plus strategies amid market uncertainty. Q2 Activity: 17 deals worth $1.3 billion, including IPOs and QIPs. Commercial Real Estate Dominance: Institutional capital continues to flow into commercial platforms. Capital Market Revival: Return of IPOs, SME REITs, and anticipation of India's largest REIT. Outlook: Sector poised for a more mature, innovation-led investment cycle in H2 2025. 'The data reflects a sector recalibrating for long-term strength,' said Shabala Shinde, Partner and Real Estate Industry Leader at Grant Thornton Bharat. 'While deal values moderated, institutional capital continues to flow steadily into commercial platforms, reinforcing the asset class' resilience.' Notably, the revival of IPO and SME REIT activity also signals increasing investor interest in structured real estate products. The anticipation of India's largest-ever REIT listing in the coming months is expected to further cement the capital market's role in funding real estate growth. In Q2 alone, there were 17 deals worth $1.3 billion, with IPOs and Qualified Institutional Placements (QIPs) returning to the fore. While residential deals declined slightly, commercial real estate saw strong activity across metros—driven by office parks, warehousing hubs, and retail portfolios with long-term lease visibility. With rising interest from global pension funds, sovereign wealth funds, and domestic institutions, the second half of 2025 is poised for a more mature, innovation-led investment cycle, say experts. The shift indicates a flight to stability amid global volatility, with Grade-A office assets and logistics parks emerging as preferred bets. In contrast, residential and proptech saw muted action Residential segment: Accounted for 23% of total deal volumes in Q2 2025. Contributed only 10% of the total transaction value, indicating smaller ticket sizes compared to commercial. Proptech segment: Made up 15% of total deal volumes. Represented just 5% of total deal value, reflecting modest deal sizes and lower investor allocation. Number of M&A transactions: 6 deals Total deal value: USD 195 million Annual change: A 45% decline compared to the corresponding quarter last year This reflects a significant slowdown in M&A activity, highlighting that strategic consolidation in the real estate sector took a backseat in Q2 2025.
Time of India
6 days ago
- Business
- Time of India
Real estate deals drop 8% in Jan-Jun to USD 2.5 billion: Grant Thornton Bharat
Indian real estate sector witnessed deals worth USD 2.5 billion during the first half of this year, a fall of 8 per cent annually, according to Grant Thornton Bharat . In its report 'Real Estate Q2 2025 Dealtracker', Grant Thornton Bharat said the number of deals has increased in the January-June period, but the overall value has dropped. The real estate deals include Initial Public Offering (IPO) and Qualified Institutional Placement (QIP). by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Incroyable:La calculatrice indique la valeur de votre maison instantanément (jetez un coup d'oeil) Calculateur de valeur immobilière | Liens de recherche En savoir plus Undo "In the first half of the year, the Indian real estate sector recorded 45 transactions, including IPO and QIP , valued at USD 2.5 billion, compared to 40 deals worth USD 2.7 billion in H1 2024. While volume increased year-on-year, the overall deal value dropped by 8 per cent," Shabala Shinde, Partner and Real Estate Industry Leader at Grant Thornton Bharat, said. She noted that the data for the first half of this year reflects a sector recalibrating for long-term strength. Live Events "While overall deal values moderated, institutional capital continues to flow steadily into commercial platforms, reinforcing the asset class' resilience. The return of IPO and SME REIT activity, alongside anticipation of India's largest REIT, signals that capital markets are gearing up to play a larger role in driving real estate growth," Shinde said. In the second half of 2025, she said the sector is well-positioned for a more mature, innovation-led cycle of investment. During the second quarter of this calendar year, the data showed 17 transactions worth USD 1.3 billion, including IPOs and QIPs. PTI
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Business Standard
6 days ago
- Business
- Business Standard
Real estate deals drop 8% in Jan-Jun to $2.5 billion: Grant Thornton Bharat
In its report 'Real Estate Q2 2025 Dealtracker', Grant Thornton Bharat said the number of deals has increased in the January-June period, but the overall value has dropped Press Trust of India New Delhi Indian real estate sector witnessed deals worth $2.5 billion during the first half of this year, a fall of 8 per cent annually, according to Grant Thornton Bharat. In its report 'Real Estate Q2 2025 Dealtracker', Grant Thornton Bharat said the number of deals has increased in the January-June period, but the overall value has dropped. The real estate deals include Initial Public Offering (IPO) and Qualified Institutional Placement (QIP). "In the first half of the year, the Indian real estate sector recorded 45 transactions, including IPO and QIP, valued at $2.5 billion, compared to 40 deals worth $2.7 billion in H1 2024. While volume increased year-on-year, the overall deal value dropped by 8 per cent," Shabala Shinde, Partner and Real Estate Industry Leader at Grant Thornton Bharat, said. She noted that the data for the first half of this year reflects a sector recalibrating for long-term strength. "While overall deal values moderated, institutional capital continues to flow steadily into commercial platforms, reinforcing the asset class' resilience. The return of IPO and SME REIT activity, alongside anticipation of India's largest REIT, signals that capital markets are gearing up to play a larger role in driving real estate growth," Shinde said. In the second half of 2025, she said the sector is well-positioned for a more mature, innovation-led cycle of investment. During the second quarter of this calendar year, the data showed 17 transactions worth $1.3 billion, including IPOs and QIPs. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Hans India
6 days ago
- Business
- Hans India
Commercial development anchors deal value in India in April-June: Report
New Delhi: Commercial development continued to anchor deal value in India in the April-June period this year, accounting for 62 per cent of total investment, as institutional capital targeted resilient, income-generating assets, according to a report on Tuesday. The quarter saw 17 transactions worth $1.3 billion (including IPOs and QIPs), with 13 deals valued at $775 million excluding public market activity. 'With SM REIT momentum building and India's largest-ever REIT issue expected in H2, the sector enters the second half of the year with cautious optimism and an institutional focus, said the report by Grant Thornton Bharat. The January-June (H1 2025) reflects a sector recalibrating for long-term strength in the real estate sector in the country. 'While overall deal values moderated, institutional capital continues to flow steadily into commercial platforms, reinforcing the asset class's resilience. The return of IPO and SME REIT activity, alongside anticipation of India's largest REIT, signals that capital markets are gearing up to play a larger role in driving real estate growth,' explained Shabala Shinde, Partner and Real Estate Industry Leader, Grant Thornton Bharat. As we move into H2, the sector is well-positioned for a more mature, innovation-led cycle of investment, Shinde mentioned. Capital market activity picked up in the April-June period (Q2), with two IPOs raising $243 million and two QIPs totalling $245 million. This marked a significant turnaround from Q1's inactivity, reflecting a gradual return of investor confidence, especially in income-generating and platform-led real estate models. The Small and Medium Real Estate Investment Trusts (SM REITs) segment also gained momentum, with fresh registrations signalling broader public market access for mid-sized developers. These developments point to a cautious but steady re-engagement with listed instruments, setting the stage for deeper capital market integration in H2, said the report.
Economic Times
7 days ago
- Business
- Economic Times
Commercial real estate anchors India's property deals in April–June
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel India's real estate sector recorded 13 transactions worth $775 million in the second quarter of 2025. This marks a decline of 54% in volume and 35% in value compared to the previous quarter, showed a Grant Thornton Bharat development accounted for 38% of the sector's deal volume and 62% of its total value, with $480 million across five deals. Residential development and real estate tech contributed 23% and 15% of volumes, but only 10% and 5% of deal values, of the end of June, commercial assets continued to anchor deal activity while capital markets showed tentative signs of recovery through IPOs and smaller Real Estate Investment Trust (REIT) platforms.'While private equity activity has moderated, investments like Mitsubishi, Sumitomo, and Hines in Kanakia and HDFC in Eldeco signal renewed institutional confidence in formal, scalable platforms. The capital shift into residential across metros and tier 2 cities reflects sectoral momentum—spanning housing, REIT-grade commercial, and tech-led models—driven by governance alignment and long-term capital,' said Shabala Shinde, Partner and Real Estate Industry Leader, Grant Thornton total investments, private equity contributed $580 million through seven deals, led by Blackstone's $378 million acquisition of South City Mall in Kolkata. Other significant private equity transactions included Prime Offices Fund's $87 million investment in Prius Platinum in South Delhi, IFC's $50 million in Birla Estates, Lighthouse Funds' $35 million in Knest Manufacturers, and Arnya Realestates Fund's $15 million in & Acquisition activity stood at six deals worth $195 million, up 42% in value but down 45% in volume from the previous market witnessed a notable return of capital markets. Initial Public Offers (IPOs) and Qualified Institutional Placement (QIP) activity recovered with two deals each, raising $243 million and $245 million, respectively.
