Private equity (PE) activity in the real estate segment declined by 5 per cent in the April-June quarter of FY24 in the wake of elevated interest rates, says a report.
“The first quarter of FY24 saw a mild softening in reported deal activity when as compared to Q1 of FY23 on a headline basis, finds Anarock Capital’s report for Q1 of FY24. The reported numbers were propped up by a single large deal which accounted for about three-fourth of the overall deal activity.