NEW DELHI: The real estate sector contributed over 17% of qualified institutional placements (QIP) issuance across sectors, or Rs 12,801 crore of a total of Rs 75,923 crore, according to a report by Anarock.
After renewable energy, real estate is the second highest among all sectors to raise funds through QIP so far this year.
Indian real estate developers have been actively raising money from capital markets through initial public offerings (IPOs) and QIPs post covid.
“To fund their aggressive expansion, developers are turning to IPOs and the QIP route. Their success in these capitalization efforts underscore the sector’s continued ability to attract both retail and institutional investors,” said Anuj Puri, chairman of Anarock Group.
QIPs allow publicly traded companies to raise capital by offering equities or securities convertible into equity to pre-approved institutional buyers.
As per Anarock report, over 13.62 lakh units have been launched across the seven cities between 2021 to 9M 2024.
Concurrently, housing sales in these cities have soared to approximately 14.36 lakh units in this period. Effervescent sales led to an over 10% decline in unsold housing inventory in this period, despite the high rate of supply addition.
