Realty developer Tata Realty & Infrastructure Ltd (TRIL) has bought out the entire equity stake held by global investor Actis’ affiliate Actis TREIT Holdings No. 2 (Singapore) in its commercial project Intellion...
Bharti Realty ties up with Honeywell to improve indoor air quality at office complex
Bharti Realty has tied up with Honeywell to help improve indoor air quality (IAQ) in company’s real estate portfolio in National Capital Region. The company will help improving indoor air quality at Airtel Centre...
IDBI Trusteeship approaches NCLT against Noida developer Shipra Estate
IDBI Trusteeship Services has approached the Delhi bench of the National Company Law Tribunal (NCLT) against Noida-based developer Shipra Estate Ltd for the default of over Rs 315 crore. IDBI Trusteeship is a trustee...
Indiabulls Real Estate, Embassy Group merger in final lap, co seeks NCLT nod
The proposed merger between Embassy Group and Indiabulls Real Estate has entered the final lap as both the companies have now filed the requisite joint application with the jurisdictional bench of NCLT, for its approval...
Two new bidders for Lavasa
Creditors to the former Hindustan Construction Company (HCC) controlled Lavasa township have received two bids for their Rs 6,000 crore loans outstanding in a third round of bids for the debt-laden company. Two bids...
ADB ties up with IIFL Home Finance to promote green housing in India
Asian Development Bank has embarked on a green housing initiative in India aiming to reduce carbon emissions and conserve water and energy. The multilateral development body has tied up with low cost housing financier...
Shrem Group aims to raise Rs 600 cr by diluting stake in InvIT next week
Shrem Group is targeting to raise Rs 600 crore by diluting a 15 per cent stake in its infrastructure investment trust (InvIT) next week, a top official said on Tuesday. The group, which had first attempted to raise the...
Hong Kong-based ADM Capital invests $25 million in Square Yards
Global investment manager ADM Capital has invested $25 million in India’s largest integrated real estate platform Square Yards as growth capital. This is the third round of fundraising by the technology-led real estate...
Reliance Infrastructure Ltd in talks with Singapore’s Cube Highways for sale of four road assets
Reliance Infrastructure Ltd (RInfra) is in talks with Singapore based-Cube Highways for the sale of its four road assets for an enterprise value of Rs 1,430 crore, sources said. RInfra will use the proceeds from the...
Godrej holding company hikes stake in Godrej Properties, Agrovet
In a move to increase stake in the group’s listed companies, Godrej Industries on Tuesday bought 2.53 per cent in Godrej Properties, the realty arm, from six Godrej family trusts for Rs 997.2 crore. With the stake buy...
Reliance Infra in talks to sell Rs 1,400 cr worth of road assets to Cube Highways
Cash strapped-Reliance Infrastructure is in talks with Singapore based-Cube Highways to sell four operational road assets at a potential enterprise value of around Rs 1,400 crore, two industry sources told ET. The Anil...
Suraksha group gets nod from lenders, homebuyers to buy Jaypee Infratech
Mumbai-based Suraksha group on Wednesday received the approval of financial creditors and homebuyers to takeover debt-laden Jaypee Infratech Ltd (JIL). The 10-day-long voting process on the takeover proposals submitted...
