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...
NCLT admits insolvency petition against real estate developer Ajnara
The Delhi bench of the National Company Law Tribunal has initiated bankruptcy proceedings against Ajnara India Ltd, a Noida-based real estate developer on a petition filed by 128 homebuyers or its project Ajnara...
China Evergrande’s stake in regional bank sold for $1.05 billion
A consortium of Chinese state-owned and private companies agreed to pay the equivalent of $1.05 billion for a minority stake in a domestic bank held by China Evergrande Group, helping the troubled property developer...
U.K. builders Countryside Partnerships, Vistry near $3.2 bln merger deal -WSJ
British builders Countryside Partnerships and Vistry Group are nearing a deal to form a $3.2 billion residential developer, suggesting a win for U.S.-based activist fund Browning West, the Wall Street Journal reported...
French builder Eiffage in talks to acquire Sun’R Group as earnings rise
French building and infrastructure company Eiffage has entered exclusive negotiations to acquire green energy group Sun’R, it said on Wednesday after posting a rise in first-half earnings. Through the acquisition...
