Singapore’s sovereign wealth fund GIC Pte. Ltd and New York-based developer Tishman Speyer are set to sell their Hyderabad-based office property WaveRock for Rs2,000 crore, said two people aware of the development...
Investors, developers look to buy out malls, land to expand retail portfolio
Top investors and developers are looking to buy out shopping malls and land to expand their retail realty portfolios on the back of urban India’s consumption story. Large investments by global funds and demand for...
UAE Damac real estate mogul Hussein Sajwani says ready to sell 15% stake
Hussein Sajwani, the Dubai billionaire with links to US President Donald Trump, said Wednesday he was ready to sell 15% of his stake at real estate giant Damac Properties. Established by Sajwani in 2002, Damac has...
Brigade Enterprises buys Bengaluru land for Rs218 crore from SAB Miller
Realty firm Brigade Enterprises Ltd has bought a 12.95-acre land parcel in north Bengaluru’s Yeshwantpur area for Rs218 crore from SAB Miller India Pvt. Ltd., said a top company executive. The acquisition has been made...
Prestige buys CapitaLand stakes for Rs 3.42 bn
The Bengaluru-based Prestige Estates said on Monday it had bought out through a subsidiary investor CapitaLand’s stakes in its malls and residential projects for Rs 3.42 billion. The Singapore-based CapitaLand had...
Prestige to buy out Red Fort’s stake in group firm for Rs324 crore
Real estate developer Prestige Group is set to acquire 66.66% stake from private equity partner Red Fort Capital and land owners in group company Prestige Projects Pvt. Ltd for Rs324 crore. Prestige already owns 33.34%...
DLF promoters conclude nearly Rs9,000-crore deal with GIC
Realty major DLF Ltd on Tuesday announced that its promoters have concluded the sale of 33.34% stake in its rental arm to sovereign wealth fund GIC for nearly Rs9,000 crore. In late August, the promoters had sold the...
CPPIB, GIC eye Baring PE’s stake in RMZ Corp
Canada Pension Plan Investment Board (CPPIB) and Singapore’s GIC Pte Ltd are in separate negotiations with Baring Private Equity Partners India to acquire the latter’s stake in property developer RMZ Corp., two persons...
IIFL plans to raise cash from offshore investors
After launching a $500-million domestic real estate debt fund to invest in affordable housing projects last month, IIFL group is looking to raise a similar amount from offshore investors. “We’ve already started making...
TCG in talks to buy out Vornado Realty’s stake in India realty venture
The Chatterjee Group (TCG), promoted by non-resident investor Purnendu Chatterjee, is in talks to buy out Vornado Realty Trust, the strategic partner in its Indian real estate business, said two people aware of the...
Govt moves to take control of Unitech; NCLT supersedes board
The corporate affairs ministry has moved the National Company Law Tribunal (NCLT) seeking management control of debt-ridden real estate company Unitech on the grounds of alleged mismanagement and diversion of funds. If...
Edelweiss raises Rs 500 crore for its domestic real estate fund
Edelweiss Alternative Asset Advisors, part of the Edelweiss Group, on Monday said it had raised Rs 500 crore for its domestic real estate fund. The fund, called the Edelweiss Real Estate Opportunities Fund, aims to...
