Retail realty back on PE radar with over $724 million investment in January-September period

A few months ago, construction activities had come to a grinding halt in Tamil Nadu after acute shortage of sand drove up the price of the key building material. The entire construction industry was up in arms against the government, which took over the distribution. Frequent protests by stakeholders forced the authorities to open new sand quarries that helped bring down sand rates giving relief to the realty sector.