Page 29 - 10 Booming Real Estate & Logistics Companies in APAC 2022
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FOCUS POINT

 •  To establish an investment platform   •  In  April  2021,  HDFC Capital  Advi

 for  the  Indian  retail-led  mixed-use   sors (HDFC Capital)  partnered  with
 assets, in June 2021, GIC announced   Cerberus  Capital  Management
 to acquire a minority stake in Phoenix   (Cerberus) to create a platform that

 Mills’ portfolio (worth US$ 733 million).  will focus on high-yield opportunities

 •  In May 2021,  Blackstone Real   in the residential real estate sector in
 Estate acquired Embassy Industrial   India. The platform seeks to purchase

 Parks for Rs. 5,250 crore (US$ 716.49   inventory  and  provide  last-mile
 million) to expand its presence in the   funding  for  under construction resi-
 country.  dential projects across the country.


 •  To  expand  into  the  Indian  real   •  In March 2021, Godrej Properties
 estate market, SRAM & MRAM Group
 collaborated  with  Area  CAS  Devel-  announced  it  would  launch  10  new
 opers  and  Infrastructure  Private   real estate projects in Q4.

 Limited  (Area  Group),  and  Gupta   •  In March 2021, Godrej Properties
 Builders  and  Promoters  Private   increased its equity stake in Godrej
 Limited (GBP Group) of India. It plans   Realty from 51% to 100% by acquiring

 to invest US$ 100 million in the real   equity  shares  from  HDFC  Venture
 estate sector.
 Trustee Company.
 •  According  to  Anarock,  housing

 sales  in seven cities increased  by   •  In  January 2021,  SOBHA  Limit-
 29% and new launches by 51% in Q4   ed’s wholly  owned  subsidiary, Sabha
 FY21 over Q4 FY20.  Highrise Ventures Pvt. Ltd. acquired
 100%  share in Annalakshmi Land
 •  Private  market  investor,  Black-
 stone, which has significantly invested   Developers Pvt. Ltd.
 in the Indian real estate sector (worth
 Rs.  3.8  lakh  crore  (US$  50  billion)  is   GOVERNMENT INITIATIVES

 seeking to invest an additional Rs. 1.7   Government of India along  with
 lakh crore (US$ 22 billion) by 2030.  the  governments  of  respective
 States  has  taken  several  initiatives
 •  In 2021, working remotely is being

 adopted at a fast pace and demand   to  encourage  development  in  the
 for affordable houses with ticket size   sector. The Smart City Project, with
 below Rs. 40-50  lakh is expected   a plan to build 100 smart cities, is a

 to rise in Tier 2 and 3 cities, leading   prime  opportunity  for  real  estate
 to an increase  in prices in those   companies. Below  are some  of  the
 geographies.  other  major Government initiatives:


 |28  thecorporatereview.com  | India  | Vol. 3  |  Issue  5| July 2022                                     |29
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