Anarock states that Real Estate Companies raised almost Rs 13,000 Crore through QIP from January to September.

Anarock reported that Indian real estate developers had accumulated almost Rs 13,000 crore by September 2024 from Qualified Institutional Placements (QIP) in New Delhi. Since the COVID-19 pandemic, developers have been utilizing capital markets more for IPOs and QIPs due to increased visibility, a robust rebound in the residential real estate sector, and strong investor confidence.

Real Estate Industry Boosts QIPs by Over Rs 12,800 Crore in 2024.

Qualified Institutional Placements enable publicly-traded firms to gather funds by selling stocks or convertible securities to pre-approved institutional buyers, allowing them to skip conventional IPO procedures and promptly obtain capital. According to Anarock Chairman Anuj Puri, the real estate industry accounted for more than 17 pc of all QIP issuances in the third quarter of 2024, totaling Rs 12,801 crore out of a total of Rs 75,923 crore. Real estate came in second place for QIP funding this year, with renewable energy taking the top spot.

Puri emphasized that this significant QIP initiative emphasizes the sector's crucial position in India's financial markets and shows increasing institutional investor trust in Indian real estate. Key players were Prestige Estates Projects Ltd, Macrotech Developers, and Brigade Enterprises, who garnered Rs 5,000 crore, Rs 3,281 crore, and Rs 1,500 crore, in that order. D B Realty obtained Rs 920 crore, while Keystone Realtors Limited and Max Estates each received Rs 800 crore. Anant Raj Ltd additionally collected Rs 500 crore via QIP.

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