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...
Realty
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...
GIC, Tishman to sell WaveRock in Hyderabad for Rs2,000 crore
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%...
