IL&FS is selling its 49% stake in its joint venture with China’s Chongqing Expressway Group (CEG), marking a premature end to its five-year-old foray into the booming infrastructure development business in that...
Piramal Enterprises partners Ivanhoé Cambridge to invest in residential projects
Diversified firm Piramal Enterprises (PEL) has entered into a partnership with Ivanhoé Cambridge to provide long-term equity capital to residential projects across five metros in the country. Ivanhoé Cambridge, a real...
DLF promoters get 1 year to sell stake in rental arm
Realty developer DLF has decided to extend the deadline for sale of 40% stake owned by its promoters in its rental arm DLF Cyber City Developers (DCCDL) to March 2018. Separately, the developer reported a 46% year-on...
Qatar Holding to invest $250 million in ArthVeda Fund for low, mid-income housing in India
Qatar Investment Authority’s subsidiary Qatar Holding has committed to invest $250 million in Mumbai-based ArthVeda Fund Management’s affordable low and middle-income fund. This is the first such commitment received by...
Global PE firms invested record $6.6 billion in realty sector last year
International private equity firms may have pumped in record capital into India’s real estate sector last year, but it is still just 1% of what they invested globally during the year. India attracted $6.6 billion...
Brookdale Senior in deal talks with Blackstone, others: WSJ
Brookdale Senior Living Inc (BKD.N) is in talks with private equity firm Blackstone Group LP (BX.N) and others about a potential deal to sell a part or all of the company, the Wall Street Journal reported, citing people...
Paranjape Schemes shelves IPO plan, begins talks with investors to raise capital
Paranjape Schemes (Construction) Ltd has let the regulatory approval for a planned public share sale lapse, and has started talks with investors to raise money, a senior company executive said. The Pune-based builder is...
Vatika raises Rs 700 crore from Altico Capital
In one of the largest real estate debt transactions this year, Gurgaon-based Vatika Group has raised Rs 700 crore from Altico Capital, a non-banking financial company. “The first tranche of Rs 475 crore has already been...
CPPIB inks pact to buy up to 49% stake in Phoenix Mills’ arm
Realty developer Phoenix MillsBSE 0.44 %’ subsidiary Island Star Mall Developers (ISML) has entered into a non-binding pact with Canada Pension Plan Investment Board (CPPIB) to acquire up to 49% in ISML over three...
Propstack joins MIT Center For Real Estate as a partner
Commercial realty data information and analytics firm, Propstack has joined the Massachusetts Institute of Technology’s (MIT) Centre for Real Estate as an industry partner to explore new data technologies with the...
Blackstone buys 50% stake in Pune’s Westend Mall
US private equity major Blackstone Group acquired 50% stake in a 3.7-lakh sq ft retail mall Westend Mall in Pune’s Aundh locality. With Blackstone’s entry, the project is being proposed to be significantly...
Phoenix Mills to hike stake in subsidiary Alliance Spaces
MUMBAI: The Phoenix Mills has entered into an agreement to acquire 20% stake in K2A Hospitality, an equity shareholder in its group subsidiary Alliance Spaces. The proposed acquisition of the company will be effected on...
