India's affordable and low-income housing sector, which is short of millions of homes, is set for expansion with the segment finding favour with real estate-focused private equity funds.
New York-based not-for-profit venture fund Acumen is looking to invest in this space in 2014, while Mumbai-based PE fund Avenue Venture Partners has tied up with Pune's Vastushodh Projects to invest in their affordable housing projects. Another PE fund, Brick Eagle Capital Advisory, plans to incubate companies to fill gaps in the affordable-housing ecosystem.
India has a shortfall of about 22 million homes, of which 5-6 million are in the affordable housing segment. "Affordable housing is recession-proof and sells regardless of market conditions," said Rajesh Krishnan, managing director and chief executive of Brick Eagle Capital Group.
New York-based not-for-profit venture fund Acumen is looking to invest in this space in 2014, while Mumbai-based PE fund Avenue Venture Partners has tied up with Pune's Vastushodh Projects to invest in their affordable housing projects. Another PE fund, Brick Eagle Capital Advisory, plans to incubate companies to fill gaps in the affordable-housing ecosystem.
India has a shortfall of about 22 million homes, of which 5-6 million are in the affordable housing segment. "Affordable housing is recession-proof and sells regardless of market conditions," said Rajesh Krishnan, managing director and chief executive of Brick Eagle Capital Group.
No comments:
Post a Comment