Chinese conglomerate Fosun International Ltd (0656.HK) said it will sell 28 real estate companies to Shanghai Yuyuan Tourist Mart Co Ltd (600655.SS) for 24.16 billion yuan ($3.5 billion) as part of a reorganization to...
White Unicorn raises $20 million fund to invest in European start-ups
White Unicorn Ventures, a Mumbai-based seed-stage investor, has closed its $20-million maiden fund and is looking to deploy a part of the capital in European start-ups. In a telephone interview, Rohit Chokhani...
Emaar India plans to raise Rs1,000 crore debt to complete all projects
Realty major Emaar India plans to raise up to Rs1,000 crore debt to meet construction expenses as it targets to complete all the ongoing 50 projects over the next two years. The company has already raised Rs2,500 crore...
Godrej family office, Piramal scion invest in luxury realty firm
The Godrej family office and Anand Piramal, executive director of Piramal Group and son of Ajay Piramal, have invested in a real estate firm to build high-end luxury holiday homes in Goa, and the Nilgiris in Tamil Nadu...
Xander likely to raise $300-400 million India fund later this year: Rohan Sikri
Global investment firm The Xander Group Inc., which has invested around $2 billion in India’s real estate sector, is planning to ramp up its office portfolio and buy shopping malls under its retail arm Virtuous Retail...
KKR invests Rs 200 cr in realty firm Signature Global
Global investment firm Kohlberg Kravis Roberts & Co Ltd (KKR) has invested Rs 200 crore in real estate firm Signature Global for the development of affordable housing projects. Signature Global, one of the key...
Godrej Properties to sell entire stake in Godrej Investment Advisers
Godrej Properties Ltd (GPL) on Friday said it would sell its entire 100% stake in Godrej Investment Advisers Ltd, a fund management business that the real estate firm had set up last year. In a filing with the BSE, the...
Japan’s Mori eyes India’s realty space
Mori Building Company, one of Japan’s largest real estate developers, is planning to enter India this year, two people close to the development told ET. The $2.25-billion Tokyo-based property investment firm is planning...
KKR invested about Rs1,000 crore in three realty projects in April
The realty-focused investment unit of global private equity firm KKR & Co. LP invested about Rs1,000 crore in three real estate projects last month, two people aware of the investment said. KKR India Asset Finance...
Quikr brokerage business to increase from HDFC Realty buy
Tiger Global-backed online classifieds company Quikr will expand its brokerage business once it acquires HDFC Realty and its digital unit HDFC Red, helping it generate higher margins for converting leads that it...
Godrej Properties ties up with Taj to build luxury hotel at Mumbai’s Trees project
Real estate firm Godrej Properties Ltd on Monday said it has partnered with Taj Palaces Resorts Safaris to develop a 150-room Taj Hotel at its ongoing mixed-use development project ‘The Trees’ at Mumbai’s Vikhroli...
Sobha falls on stake sale by promoter
Shares of real estate developer Sobha fell 8.7% to Rs 380 on BSE in early morning trade after the promoter Sobha Menon sold four million shares or 4.15% stake in the company through open market transaction. On Friday...
