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...
Realty
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...
Rental arm stake sale to boost DLF’s realty business: Advisory firm ISS
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...
