chennai the city slipped to sixth position among indias top six metros when it came to attracting private equity investments in real estate hyderabad and pune displaced chennai at fourthspot to bag more deals yeartodate in 2016a report by international real estate consultancy cushman wakefield said stable governance and new initiatives have helped hyderabad emerge as one of the hotspots for real estate with the city having seen a 56 increase in deals yearoveryear to rs 1949 crorechennai saw both the number and value of deals hit a fiveyear low at rs 296 crore for three deals bagged yeartodate this compares to the city seeing investments treble from rs 675 crore in 2013 to rs 2087 crore in 2014 last year chennai hit a high of rs 2807 crore in pe investment from 28 dealswhen it comes to chennai versus hyderabad and telegana the northern cousins have managed to attract investors because of a slew of initiatives and subsidies announced by their state governments tamil nadu government needs to offer better incentives to investors said sridhar srinivasan managing director chennai cushmanover the last few years investment in chennai has been predominantly in the residential sector unlike other metros which have seen sizeable investments in their commercia lit space with the market in the residential sector flat chennai has been unable to attract investmentbut next year might prove to be abumper year for the city as we expect heavy investments in commercial and industrial warehousing in next year said srinivasanwith more clarity on gst cushman expects an increase in production and warehousing needs as more manufacturing companies look to centralise their logistics operations there will be a need for larger warehouse facilities in the citys outskirtswhile average deal size in chennai dipped to rs 98 from 100 crore per deal last year hyderabad saw average deal size increase to rs 100 in 2016 from rs 96 crore in 2015mumbai was at first place with rs 12113 crore from 121 deals followed by delhi rs 7730 crore from 77 deals and bengaluru rs 3844 crore from 38 deals while mumbai attracted 43 of total investments in 2016 delhi ncr accounted for 27 of the share