New Delhi: Funding to the real estate by Non Banking Financial Companies (NBFCs) and Housing Finance Companies (HFCs) declined by a whopping 73 percent in the first half of the current calendar year as compared to same period of 2018, according to a research report by ANAROCK Property Consultant.
NBFCs and HFCs invested merely 140 million USD in the real estate industry in the first six months of th cuurent year as compared to 540 million USD in 2018.
The total fund inflow to the industry too declined 31 percent in the first half of 2019 to about USD 2.2 billion from 3.2 billion USD in the corespndong period of 2018.
Of the overall funding into the sector in the first half of 2019, private equity inflows accounted for 2.1 billion USD. Around 140 million USD came in from NBFCs and HFCs.
Of the total 2.2 billion USD funding in the first half of 2019, about 89 percent was equity funding and the rest was debt.
Among the Indian cities that got lion’s share of funding, Mumbai attracted the most at 24 percent totaling 530 million USD. Maximum City was followed by Pune with around 250 million USD.
Among the various segments of the real estate industry, commercial real estate got the maximum share of investments of 1.4 billion USD totaling 64 percent. Residential segment was next with 270 million USD, retail real estate was third which attracted 260 million USD and logistics & warehousing segment attracted about 200 million USD.