Singaporean sovereign wealth fund GICBSE -0.06 % has agreed to invest around Rs 2,600 crore in real estate firm Prestige EstatesBSE 0.90 %’ subsidiary Exora Business Park for a consideration of up to 40 percent...
Ananya Birla in talks to buy Micro Housing for Rs 300 crore
Industrialist Kumar Mangalam Birla’s daughter, Ananya Birla, is in advanced negotiations to acquire Micro Housing Finance Corp for Rs 300 crore, as she seeks to benefit from the growing credit demand in the affordable...
JSW Group offers highest bid for Jaypee Infratech
The JSW Group has emerged as the highest bidder for Jaypee InfratechBSE 4.68 %, offering little over Rs 9,900 crore to banks amid claims from home buyers that they should be considered on a par with financial lenders in...
Blackstone in talks to buy 49% in office rental business of Indiabulls in $600 million deal
Blackstone Group, the world’s largest private equity firm, is set to buy a 49% stake in the office rental business of Indiabulls Real Estate in a $600-650 million deal, valuing the entire portfolio at around $1.2...
GIC eyes $200m stake in Prestige rental unit
Sovereign investor GICBSE 0.58 % of Singapore has emerged frontrunner to buy a $200-million, or Rs 1,400-crore, stake in the tenanted office space unit of leading southern developer Prestige EstatesBSE -1.76 % Projects...
Japan’s Sumitomo to take joint venture route to enter Indian realty
Tokyo-based diversified conglomerate Sumitomo Corporation is set to form a joint venture with an Indian company to build integrated township projects across the country, two persons familiar with the development said...
Indiabulls AMC’s PE arm buys 2.35 lakh sq ft office space in Gurgaon
Indiabulls Asset Management Company’s private equity arm has acquired an entire commercial building with fully leased 2.35 lakh sq ft office space on NH-8 in Gurgaon from the US-based realty developer Hines India...
JSW, Adani among 20 bidders for Jaypee Infratech
The bidding process for Jaypee InfratechBSE 1.22 % has received bids from nearly 20 big names including JSW Group, Adani Group, Sudhir Valia-owned Suraksha Realty, Deutsche Bank and a Chinese company, according to two...
Realtor Gaurs group to invest Rs 150 crore in education business
Realty firm Gaurs group will invest Rs 150 crore in its education business as it plans to open two schools and one institution for higher studies in Uttar Pradesh. In 2014, the company had forayed into education sector...
Blackstone in talks to buy commercial property portfolio from L&T for Rs 2.3k crore
US-based private equity player Blackstone Group is in advanced talks to acquire two commercial properties of L&T Realty, totalling 1.7 million sq ft, in a deal valued at Rs 2,300 crore, said two persons familiar...
Italy’s Atlantia in talks with IRB Infra to acquire road assets in $2-billion deal
Italian road operator Atlantia, controlled by the Benetton family, is in exclusive talks with Mumbai-based IRB InfrastructureBSE 2.18 % to acquire its operational road assets portfolio in a $2-billion deal, multiple...
NCLT approves demerger of Emaar MGF
National Company Law Tribunal (NCLT) has approved the proposed demerger scheme of Emaar MGF Land Ltd that will pave the way for joint venture partners Dubai’s Emaar Properties and India’s MGF Development go separate...
