Century Real Estate Holdings Pvt. Ltd, a Bengaluru-based developer and one of the largest landholders in south India, is building a commercial office portfolio and plans to bring in an equity investor partner to raise...
RCom shares jump over 14% amid reports of real estate assets sale
Shares of Reliance Communications soared over 14 percent on Tuesday amid reports that lenders of the debt-ridden firm have approved the sale of its real estate assets in Delhi and Chennai to a Canada-based company. The...
Equity Commonwealth approaches Forest City about merging – sources
Equity Commonwealth (EQC.N), a U.S. real estate investment trust (REIT) focused on office space and chaired by property mogul Sam Zell, has approached Forest City Realty Trust Inc (FCEa.N) to discuss a possible merger...
Omkar Realtors raises Rs125 crore from KKR
Omkar Realtors & Developers Pvt. Ltd has raised Rs125 crore of debt from KKR India Asset Finance Pvt. Ltd, a local unit of the global private equity firm, said a senior company executive. The three-year facility has...
CCI clears GIC’s Rs 8,900-cr deal to acquire 33% stake in DLF’s rental arm
The Competition Commission of India (CCI) has approved Singapore’s sovereign wealth fund GIC’s plan to acquire 33 percent stake in DLF Cyber City Developers for Rs 8,900 crore. Under the deal, GIC’s...
Lennar buys CalAtlantic to become largest U.S. homebuilder
Lennar Corp will buy smaller rival CalAtlantic Group Inc for $5.7 billion, creating the largest homebuilder in the United States as it strives to deal with higher land acquisition costs and a tighter labor market. The...
Blackstone Group puts three land assets for sale
Global private equity firm Blackstone Group Lp has put three pieces of land for sale at an expected valuation of Rs1,000-1,100 crore, said three people familiar with the transaction. Blackstone, one of the largest...
Emaar India plans to raise Rs500 crore by March 2018
Realty firm Emaar India has raised about Rs500 crore debt so far this fiscal and plans to raise another Rs500 crore by March 2018 to meet construction cost of its ongoing and upcoming projects. Dubai-based Emaar...
Kotak Realty joins the race to buy IL&FS India Realty Fund 1
Kotak Realty Fund has joined the race to buy IL&FS India Realty Fund I that manages real estate assets worth $525 million, two persons aware of the development said. Kotak Realty Fund is part of Kotak Investment...
Piramal Realty to acquire land from Nirmal Lifestyle for Rs153 crore
Piramal Realty on Tuesday said it has agreed to buy a 3.2-acre land from Mumbai-based real estate developer Nirmal Lifestyle Ltd for Rs153 crore. The land is located, adjacent to Piramal Revanta—a residential project...
Godrej Properties partners Manyata Developers for Bengaluru project
Real estate developer Godrej Properties Ltd (GPL) on Thursday said it has entered into a development management agreement with Manyata Developers Pvt. Ltd to develop a 4.7 million sq. ft housing project at Sarjapur in...
Oberoi Realty to buy GSK Pharma’s Thane plot for Rs 555 cr
Oberoi Realty is set to acquire GSK Pharmaceuticals’ 60-acre land parcel at Thane, near Mumbai in a Rs 555-crore deal. This translates to a price of Rs 9.25 crore per acre. GSK Pharma’s board approved the land...
