The bankruptcy court has admitted Marvel Realtors & Developers Ltd under the corporate insolvency resolution process (CIRP) and appointed Manoj Kumar Mishra as the interim resolution professional for the Pune-based...
CapitaLand Investment, MIDC to sell Pune IT park for ₹1,350 cr
Singapore-headquartered CapitaLand Investment (CLI) and its joint venture partner Maharashtra Industrial Development Corp (MIDC) have signed pacts to sell their stake in Ascendas IT Park (Pune) to CapitaLand India Trust...
NCLAT sets aside CCI order on DLF, remanded back directing to examine
The NCLAT has set aside an order passed by fair trade regulator Competition Commission of India (CCI) with respect to DLF and directed it to examine the matter. The case pertains to CCI rejecting a complaint against DLF...
Edelweiss acquires L&T-CPPIB infrastructure project for Rs 6,000 cr
Infrastructure Yield Plus Strategy, the infrastructure platform managed by Edelweiss Alternatives, has acquired 100% equity stake in Larsen & Toubro Infrastructure Development Projects (L&T IDPL) for an...
Bankruptcy resolution rate of realty companies among the poorest, says new study
Just about 5% of cases under the Insolvency & Bankruptcy Code (IBC) involve real estate, and the sector has one of the lowest resolution rates but also highest claim realisations, according to a joint analysis by...
NCLT reserves order on Suraksha’s bid to acquire Jaypee Infratech, complete 20k flats
The insolvency tribunal NCLT has reserved its order on Mumbai-based Suraksha group’s bid to acquire Jaypee Infratech Ltd and complete around 20,000 flats for aggrieved homebuyers. While a two-member special bench...
Blackstone acquires warehousing assets near Delhi for Rs 700cr
In one of North India’s largest warehousing deals, alternative investment management company Blackstone has acquired 2.5 million sq ft of warehousing assets from Vertical Warehousing near Delhi for ₹700 crore...
Shriram Properties acquires Suvilas Realities
Shriram Properties Limited (“SPL”), one of South India’s leading real estate development companies has successfully completed the acquisition of 100% of equity in Suvilas Realities Private Limited today, through its...
NCLT initiates insolvency against Ansal Properties & Infrastructures
The National Company Law Tribunal (NCLT) has directed to initiate insolvency proceedings against realty firm Ansal Properties & Infrastructures on a petition filed by 126 flat buyers of one of the company’s...
Hong Kong’s CK Asset to divest property assets for $2.65 bln
Hong Kong-based investment holding company CK Asset Holdings has agreed to divest property assets for HK$20.77 billion ($2.65 billion). CK Asset said on Wednesday its subsidiary would sell what it said was “the...
Blackstone Group to sell 7% of Embassy Office Parks REIT on Tuesday
US-based private equity major Blackstone Group will sell up to 77 million units of Embassy Office Parks REIT, constituting 8.12% of total units outstanding as of June 30, 2022, through block deals on Tuesday, according...
Blackstone to sell $400 million stake in Embassy REIT through block deals next week
US-based private equity major Blackstone Group is planning to raise around $400 million by selling part of its stake in India’s maiden Real Estate Investment Trust, Embassy Office Parks REIT, by the middle of next...
