Online classifieds platform Quikr has acquired Chennai-based startup India Property Online Private Limited, a real estate platform, for an undisclosed amount, the company said in a statement on Monday. The acquisition...
Realty
Warburg Pincus, Hande group to invest $1 billion in China joint venture
Warburg Pincus and Hande Group will invest a total $1 billion in a new joint venture to pursue special situations investments in real estate projects in China, the companies said on Wednesday. The joint venture’s...
CCI clears deal involving Blackstone, Embassy Group
The Competition Commission has approved the deal involving global investment company Blackstone and realty firm Embassy Group. The deal involves restructuring of Embassy Group, Blackstone Group and certain third parties...
Ascendas-Firstspace buys warehousing assets in Chennai for $120 million
Singapore-based Ascendas-Singbridge Group, through its logistics and warehousing joint venture with Firstspace Realty, has acquired two assets in Chennai amid a boom in India’s industrial real estate. The two assets...
Blackstone to buy stake in Indiabulls’ office projects
Private equity firm Blackstone Group LP is close to buying around 50% stake in two commercial office projects of Indiabulls Real Estate Ltd (IBREL) in Gurugram, said three people familiar with the development...
Lodha Developers to raise Rs5000 crore, wind up UK business
Mumbai-based real estate firm Lodha Developers Ltd (LDL) will raise just under Rs5,000 crore, by sale of its equity interest in its two projects in London for around Rs4,200 crore and the remaining through private...
Indiabulls to sell 50% stake in two office properties in Gurugram
Indiabulls Real Estate Ltd Friday announced plans to sell 50% stake in two office assets in Gurugram to a global investment firm. In a regulatory filing, the Mumbai-based developer said it has “entered into a non...
Prestige’s ₹2000 crore office stake sale deal with GIC shelved
Real estate developer Prestige Estates Projects Ltd has abandoned a plan to sell a stake in its office portfolio to Singapore’s sovereign wealth fund GIC Pte Ltd. The Bengaluru-based company signed a term sheet with GIC...
Motilal Oswal Real Estate sells Shriram Properties stake for ₹125 crore
Motilal Oswal Real Estate, the realty-focused private equity arm of financial services conglomerate Motilal Oswal, on Monday said it has sold its investment in Shriram Properties, a Bengaluru-based developer, for ₹125...
Altico Capital invests Rs 100 crore more in Pune realtor Pharande
In the middle of an ongoing liquidity mayhem and credit squeeze, Abu Dhabi Investment Council backed real estate-focused non-banking financial company (NBFC) Altico Capital India has extended funding of ₹100 crore to...
Australia’s Propertylink gets $505 million takeover offer from ESR Group
Real estate investment trust Propertylink Group (PLG.AX) said on Friday the Australian arm of real estate developer ESR Group had made a A$693.2 million ($504.9 million) takeover offer for the company. ESR offered A$1...
Singapore’s CapitaLand buys U.S. rental housing assets for $835 million
CapitaLand Ltd (CATL.SI), one of Singapore’s largest property developers, said on Tuesday it bought a portfolio of rental apartments in the United States for $835 million, marking its foray into the multifamily asset...
