New Delhi : Real estate sector seems to be achieving new heights these days. A major information regarding this sector has come to light in a report. According to this report, it has been revealed that in the first 9 months of this calendar year, through Qualified Institutional Allotment i.e. QIP, these real estate related companies have raised approximately Rs 13,000 crore by issuing equity shares.
Real estate consultant Anarock said in a report on Monday that Indian real estate developers are aggressively entering the capital market through initial public offerings (IPOs) and QIPs after the Covid pandemic. The report says that increased transparency, post-pandemic boom in residential real estate and strong investor confidence remain the factors driving the surge in financial activity. Various methods of fund raising allow companies to raise substantial funds faster than the traditional route of IPO.
This percentage contribution was in QIP
Anarock Chairman Anuj Puri said, “The real estate sector contributed more than 17 per cent of the QIP issued across all sectors till the third quarter of calendar year 2024. This was a contribution of Rs 12,801 crore out of the total Rs 75,923 crore.”
Second in terms of fund raising
Puri said that after renewable energy, the real estate sector has been the second largest sector to raise funds through QIP so far this year. This surge in QIP reflects the important role of the sector in India's broader capital markets and the growing confidence of institutional investment in Indian real estate.
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Raised so much money through QIP
According to the data, real estate companies like Prestige Estates Projects Ltd, Macrotech Developers and Brigade Enterprises have raised Rs 5,000 crore, Rs 3,281 crore and Rs 1,500 crore respectively through QIP. Apart from this, DB Realty has raised Rs 920 crore and Keystone Realtors Limited and Max Estates have raised Rs 800-800 crore respectively. Ananth Raj Limited also raised Rs 500 crore through QIP.
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