DLF promoters’ decision to sell their entire stake in its rental arm for Rs 11,900 crore will remove existing conflicts of interest and help the realty firm in the growth of commercial real estate business in...
Keep homebuyer, lender rights on par under Insolvency and Bankruptcy Code: SBI MD
The country’s largest lender State Bank of India believes that rights of homebuyers and lenders of stalled realty projects of developers being dealt under the Insolvency and Bankruptcy Code need to be kept on a par...
DLF seals JV deal with GIC after Rs 8,900-cr stake sale by promoters
Realty major DLF on Sunday said it has entered into a joint venture (JV) with GIC to build rental assets in India after its promoters sold 33.34 per cent stake in the rental arm to the Singapore sovereign wealth fund...
DLF board meet on 25 August to decide on promoters’ 40% stake sale in rental arm to GIC
Realty major DLF will hold a board meet on 25 August to decide on promoters’ proposal to sell their 40% stake in its rental arm to investment firm GIC in a deal estimated at around Rs13,000 crore. In October 2015, DLF...
DLF, GIC may ink Rs 13,000-crore deal soon
Realty major DLF’s promoters are likely to enter into an agreement this month with Singapore’s sovereign wealth fund GIC to sell their 40 per cent stake in the rental arm in a deal estimated at around Rs 13,000 crore...
DLF’s 40 per cent stake sale in rental arm to GIC enters final lap
The deal between the country’s largest realty developer DLF and Singapore’s sovereign wealth fund GIC for a 40 per cent stake in DLF Cyber City Developers (DCCDL) has entered the final stages. DLF told...
Canadian pension funds join race to buy Prestige Estates stake
Ivanhoe Cambridge, the real estate investment arm of Canada’s second largest pension fund manager CDPQ, has shown interest in buying stake in the rental assets of Bengaluru-based Prestige Estates, said a source in the...
China’s Sunac to raise $1 billion to refinance debt amid deal spree
Acquisitive Chinese property developer Sunac China Holdings Ltd (1918.HK) will raise $1 billion from banks to refinance its current debts, the firm said in a filing on Thursday. Sunac has been making a spate of high...
Nirmal raises Rs570 crore debt from L&T Finance
Property developer Nirmal has raised Rs570 crore of debt financing from L&T Finance Holdings Ltd and signed a joint development agreement with L&T Realty Ltd for a residential project in suburban Mumbai. The...
ASK group raises Rs 535 cr for real estate fund
ASK Property Investment Advisors has raised Rs 535 crore for its seventh real estate fund from domestic high net worth individuals. The fund has a total corpus of Rs 2,000 crore. This is the first domestic property fund...
Emami Infra to merge Zandu Realty with self to unlock value, fund projects
Emami Group, the diversified conglomerate based from this city, has decided to consolidate its realty arm into a single listed entity, to unlock value and raise funds from the market to fund its ongoing projects. Zandu...
Goldman Sachs may invest Rs300 crore in Ozone Group’s real estate project
Investment bank Goldman Sachs is planning to invest as much as $50 million (about Rs325 crore) in a real estate project of Ozone Group, a Bengaluru-based developer, two people aware of the matter said. “The talks are at...
