UAE-based conglomerate Alpha Dhabi said on Monday it has increased its stake in Abu Dhabi developer Aldar Properties to 29.8% after acquiring an additional 17%. The increase in ownership came after Alpha Dhabi acquired...
UK’s Terra Firma plans to sell Annington Homes at $12 bln valuation- Sky News
Private equity firm Terra Firma is in talks to sell residential property company Annington Homes, with any deal expected to value the British defence ministry’s landlord at over 9 billion pounds ($12.18 billion)...
HDFC acquires stake in Ansal Housing via invocation of pledged shares
HDFC Ltd today announced that it has acquired 8.42% stake in real estate developer Ansal Housing through invocation of pledged shares. The non-banking lender has invoked pledge on 5 million shares of Ansal Housing to...
NCLT allows withdrawal of insolvency proceedings against MGF Developments
The National Company Law Tribunal (NCLT) has allowed the withdrawal of insolvency proceedings against real estate firm MGF Developments after the company reached a settlement with the homebuyers who had dragged the...
NIIF, KKR, Adani bidders for Brookfield’s India road business
Close to a dozen suitors have shown interest in acquiring Peak Infrastructure, the Indian road platform of Brookfield Asset Management, said multiple people aware of the development. About 12 non-disclosure agreements...
China-listed firms rush to divest property businesses amid sector crackdown
China-listed companies are increasingly divesting real estate businesses amid stricter regulatory scrutiny of the industry, according to filings and state media, in a year dominated by headlines of financial woe at...
NCLT initiates insolvency proceedings against MGF Developments Limited
The National Company Law Tribunal (NCLT) has initiated insolvency proceedings against real estate firm MGF Developments, on a petition filed by a group of homebuyers. The NCLT has also appointed an interim resolution...
Realty developer True Habitat raises Rs 30 crore from CSL Finance
Realty developer True Habitat has raised Rs 30 crore from CSL Finance to acquire over 4.16 acres of prime land in Gurgaon’s Sector 79. The company plans to develop a group housing project under the Haryana government’s...
China Evergrande to shed stake in Tencent-backed venture for $273 million
Cash-strapped property giant China Evergrande Group said it will sell its entire stake in a company that provides online video-streaming and Internet home services for the equivalent of $273 million, closing a chapter...
Real estate developer TARC in talks with global funds to sell non core assets
Real estate developer TARC ltd has reported 330.9% YoY and 490.2% QoQ growth in income from operations in Q2 FY 22 and the management is in talks with other global funds for sale of a few non-core assets. The company...
Max group to exit packaging films business, to focus on real estate
Max Ventures & Industries Limited (MaxVIL), a Max Group company that manages real estate businesses in NCR as well as a Specialty Packaging Films company, has decided to exit the packaging films business in order to...
Migsun acquires HDFC’s stake in Greater Noida’s SEZ project
Realty developer Migsun Group has cleared the stakes of HDFC from its SEZ project in Greater Noida in close to Rs 50 crore. Last year, the group had acquired Ansal’s stake in Ansal IT City Park (SEZ) Tech Zone...
