The private equity (PE) investment in Indian real estate sector grew by an average 36 per cent annually to reach USD 8.6 billion in 2017 from USD 2.5 billion in 2014, according to property consultant Knight Frank. "PE investments grew at a CAGR of around 36 per cent from USD 2.5 billion (Rs 17,200 crore) in 2014 to USD 8.6 billion (Rs 59,100 crore) in 2017," the consultant said in a statement.