The Indian real estate sector has collectively raised Rs 22,320 crore through qualified institutional placements (QIPs) issuance, according to Anarock research.
Anuj Puri, chairman, Anarock Group, said, “ANAROCK’s analysis of the surge in QIP fundraising in 2024 highlights the real estate sector’s continued might amid strong institutional confidence in India’s economic fundamentals. Our research shows that the real estate sector remained a dominant contributor in 2024, with eight developers and one REIT collectively raising a total of Rs 22,320 crore.”
Overall, fundraising via QIPs across sectors raised over Rs 1,41,482 crore with a total of 99 issues. This issue amount marks a 75% increase over the previous Rs 80,816 crore raised in 2020.
“The real estate sector, including developers and REITs, ranked first in QIP fundraising both in terms of capital raised and the number of issues. Notably, we saw twice the number of QIP issues in 2024 than in the previous year,” said Puri.
In 2023, a total of 43 QIP issues raised about Rs 55,109 crore across sectors, closely matching the total QIP fundraise of Rs 56,152 crore in 2017. The real estate fund raising trend through QIPs in 2023 was nil, meaning that real estate developers did not raise any funds via this route that year.
“The overall volatility, particularly in H2 2024, suggests a mixed outlook for QIP funding in the real estate sector in 2025. While tightening fiscal policies and global uncertainties may temper broader equity market sentiment, the strong performance of the Real Estate index despite volatility is a testament to sustained investor interest in the realty sector,” Puri added.
