LafargeHolcim has completed the sale of its Indonesia business in a deal which valued the unit at $1.75 billion, the cement maker said on Friday. Proceeds from the sale to Semen Indonesia will be used to pay down...
Emaar to appeal against NCLT order to initiate bankruptcy proceedings
Realty firm Emaar MGF Land will appeal against an NCLT order to start insolvency proceedings against the company after two homebuyers filed a petition over huge delay in delivery of their housing units, sources said...
NCLT Delhi initiates insolvency process against Emaar MGF Land
NCLT Delhi on January 24 has initiated an corporate insolvency resolution process against Emaar MGF Land. The court has appointed Manoj Kumar Anand as the Insolvency Resolution Professional for the case and had directed...
EIP acquires 60 acre from DRA projects in Bengaluru
Embassy Industrial Parks (EIP) has ventured into South India by acquiring a 60-acre land parcel in Bengaluru from real estate builder DRA Projects. The firm will use the land to build 1.3 million sq ft of warehousing...
Private equity giant Blackstone keen to buy Global Village Tech Park
Private equity giant Blackstone Group is in advanced negotiations with Café Coffee Day founder VG Siddhartha to buy Global Village Tech Park, a large commercial office facility in Bengaluru, for Rs 2,500 crore, two...
Salarpuria buys property from Schneider for Rs 100 crore
Real Estate firm Salarpuria Sattva has bought French multinational Schneider Electric’s Rs 8 lakh sqft commercial property for over Rs 100 crore. “The agreement has been signed and the money has been exchanged amongst...
Tata retail arm Trent buys space in Lodha project
In the first large commercial real estate transaction of this year, Tata Group’s retail arm TrentNSE -0.22 % Ltd has acquired 5 floors of office space at Lodha Developers’ recently completed office building Lodha...
NCLT admits insolvency plea against Parsvnath Landmark Developers, appoints Resolution Professional
The National Company Law Tribunal (NCLT) has given its approval to start the insolvency proceedings against realty firm Parsvnath DevelopersNSE -5.19 %’ subsidiary, which is developing a housing project in the...
Vinci to fund Lisbon airport projects as Portuguese tourism booms
France’s Vinci (SGEF.PA) has agreed to provide 1.15 billion euros ($1.32 billion) in funding for the expansion of Lisbon’s main airport and the construction of a new hub in nearby Montijo opposed by environmental...
Sika’s Parex deal highlights building materials buyouts
Swiss chemicals company Sika AG (SIKA.S) has agreed to buy French rival Parex in a 2.5 billion Swiss franc ($2.6 billion) deal, the latest in a wave of consolidation in the construction materials sector. The global...
Defaulting builders’ cases should go to RERA regulators before NCLT: Realtors’ body
Cases related to defaulting builders should be first taken up by regulators under the new real estate law RERA before being referred to the NCLT for insolvency proceedings, realtors’ body NAREDCO has suggested...
Indiabulls Real Estate sells 50% stake in 2 office assets for Rs 464 cr in Gurugram
Indiabulls Real EstateNSE 0.38 % Thursday said it has sold 50 per cent stake in two office assets in Gurugram to global private equity firm Blackstone at an enterprise value of Rs 464 crore. In November, the company had...
