Luxury residential developer Kanakia group is close to buying a seven-acre plot in Mumbai’s Vikhroli suburb from India Tube Mills and Metal (ITM) Industries Ltd for Rs363 crore, two people aware of the matter said...
Emaar to sell hotel, other non-core assets in India
Dubai’s Emaar Properties PJSC, which built the emirate’s iconic Burj Khalifa tower, is planning to sell several non-core assets in India including land and a hotel, said three people aware of the development. The...
Insolvency: Promoters submit Rs 100 bn revival plan for Jaypee Infratech
Jaypee group chairman Manoj Gaur made a fresh effort to gain back control of Jaypee Infratech — a real estate company for which another firm has already been named the highest bidder under the ongoing insolvency...
Vonovia offers $1.1 billion for Sweden’s Victoria Park, trumping Starwood
Germany’s Vonovia (VNAn.DE) made a $1.08 billion cash offer on Thursday for Swedish real estate company Victoria Park AB (VICPA.ST), outbidding Starwood Capital Group and stoking a scramble for assets in Europe’s hot...
DLF may raise up to Rs 4,500 crore via QIP
Developer DLF NSE 0.34 % is looking to raise about Rs 4,500 crore through a sale of equity shares to institutional investors through a Qualified Institutional Placement (QIP), two persons familiar with the development...
Lodha Developers files IPO paper with Sebi
Real estate firm Lodha Developers Ltd on Thursday filed for an initial public offering (IPO), expected to be one of the biggest stock market debuts in India this year. The company will sell new shares worth Rs3,750...
Lakshadeep emerges front-runner for Jaypee Infratech with Rs 73.5-bn bid
Dark horse Lakshadeep Pvt Ltd has emerged as the front-runner to acquire Jaypee Infratech with a bid of around Rs 73.5 billion, but way lower than what the real estate developer had proposed to lenders a year back to...
Shriram Properties planning Rs1,000 crore IPO: MD M. Murali
Real estate firm Shriram Properties Pvt. Ltd plans to raise around Rs1,000 crore from an initial public offering (IPO) and enter the low-cost housing segment with homes in the Rs15-25 lakh price range, said a top...
Brookfield Property submits new offer for mall owner GGP: sources
Commercial real estate company Brookfield Property Partners LP has submitted a new offer to take over GGP Inc, one of the largest owners and operators of U.S. shopping centres, people familiar with the matter said on...
Prestige Group to acquire 80% stake in Sterling Urban Infraprojects for Rs336 crore
Realty firm Prestige Group on Thursday said it has entered into an agreement to acquire 80% stake in Sterling Urban Infraprojects, which holds land parcels in Bengaluru, for a cash consideration of Rs336 crore. “The...
Sunteck Realty set to acquire Orbit-owned building in Mumbai’s Malabar Hills
Sunteck Realty Ltd is set to acquire BSE-listed troubled developer Orbit Corp. Ltd’s property Baug-E-Sara situated in the Malabar Hills area for around Rs34.20 crore. On Tuesday, Mumbai-based Sunteck Realty deposited...
IIFL arm to raise $500 million for maiden offshore affordable housing fund
IIFL Asset Management Ltd will begin raising its first offshore affordable housing fund of up to $500 million in the next financial year, a top company official said, even as it continues to raise a similar $500 million...
