Realty cos raise over ₹12.8K cr via QIPs during Jan-Sep '24
Business Standard|October 30, 2024
Listed real estate companies have raised ₹12,801 crore via qualified institutional placements (QIPs) in the first nine months of 2024 as they turned to IPO and QIPs to fund their aggressive expansion amid strong post-pandemic demand, a report by real estate consultant Anarock said.
PRACHI PISAL

During the same period, QIPs of ₹75,923 crore were issued across all sectors, with real estate comprising a 17 per cent share—second-highest after renewable energy.

Anuj Puri, chairman of Anarock Group, said the strong QIP activity highlights the real estate sector's crucial role in India's broader capital markets—and the institutional investors' growing confidence in Indian real estate.

This story is from the October 30, 2024 edition of Business Standard.

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This story is from the October 30, 2024 edition of Business Standard.

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