G
rant Thornton Bharat has reported that the real estate sector saw 25 deals valued at $1.4 billion in the September quarter, driven by Qualified Institutional Placement (QIP) activity and private equity funding in residential and commercial segments. The report notes that QIP activity was the primary driver of deal values, followed by private equity funding in these segments.

    The sector witnessed an all-time high in terms of deal volumes with 25 deals, marking the second-highest values since Q2 2023. Eight deals were sealed for $51 million in the merger and acquisition (M&A) category, reaching an all-time high with a 14% increase from Q2 2024.

    Compared to Q2 2024, Q3 saw a 71% decline in overall PE and M&A deal value but a 5% increase in deal volume. Commercial development and real estate technology businesses led deal activity in both M&A and PE spaces. The top M&A deal included Macrotech Developers Ltd's acquisition of Palava Induslogic 4 Pvt Ltd for $17 million.

    In the PE/VC category, there were 12 deals totalling $401 million, with deal volumes remaining consistent with Q2 2024 but a 72% decline in deal values. The top two deals accounted for $346 million, highlighting a concentration of value in fewer transactions.