The Madras High Court has restrained L&T Realty Limited from selling its stake in L&T South City Projects. The development follows a petition by Aditya Birla Real Estate Fund, a shareholder in the project...
DLF completes restructuring of JVs with Blackstone-led Ridgewood Holdings
Realty major DLF on Wednesday said it has completed the restructuring of its joint ventures with global investment firm Blackstone-managed Ridgewood Holdings, which had invested Rs 1,481 crore in seven housing projects...
L&T Realty exits from Chennai township projects
L&T Realty Limited has sold its stake in L&T South City Projects, which is building a township project at Chennai, for an estimated amount of Rs 190 crore. The company has executed a share purchase agreement for...
RMZ in talks with bankers for $300 million REIT offering
Real estate developer RMZ Corp. has started the process of selecting investment banks to manage its initial public offering (IPO) for its proposed real estate investment trust (REIT) which could see the developer raise...
Netherlands’s Aevitas to invest Rs201 crore in DASNAC Holdings projects
Netherlands-based real estate fund Aevitas Property Partners has signed an agreement to invest Rs201 crore (about $30 million) across mid-income and affordable housing projects of New Delhi-based real estate developer...
DLF promoters to sell 40% stake in rental arm to GIC
Singapore sovereign fund GIC Pte. will hold exclusive talks with the promoters of DLF Ltd, India’s largest property developer, to purchase their 40% stake in a rental unit. The stake sale in its rental unit is expected...
Dalian Wanda plans to invest $10 billion in India
Representatives of Chinese real estate giant Dalian Wanda, which plans to invest $10 billion in India, met DIPP officials here on Wednesday to press for certain concessions as well as relaxation in some regulatory norms...
PropTiger, Housing merger on cards
PropTiger, the online real estate listing, and brokerage portal is close to acquiring rival Housing.com, which is funded by Softbank in an all-stock deal, said people familiar with the deal. Housing.com, founded by...
Vatika raises Rs 495 crore from Axis Bank for hospitality arm
Gurgaon-based real estate firm Vatika Group raised Rs 495 crore from Axis BankBSE 1.07 % as term debt for supporting the growth plans of its hospitality arm, Vatika Hotels. This is the third such fundraising transaction...
CPPIB inks pact to buy up to 49% stake in Phoenix Mills’ arm
Realty developer Phoenix MillsBSE 0.44 %’ subsidiary Island Star Mall Developers (ISML) has entered into a non-binding pact with Canada Pension Plan Investment Board (CPPIB) to acquire up to 49% in ISML over three...
Chinese developer Vanke calls off deal to acquire Shenzhen Metro property unit
China Vanke Co Ltd (000002.SZ) (2202.HK), the mainland’s biggest property company by sales, said on Sunday it was terminating a key agreement to acquire a property development arm of Shenzhen Metro Group after it...
Hedge fund offers to buy NorthStar Realty Europe
A major shareholder of NorthStar Realty Europe Corp (NRE.N) has offered to buy the company for $13 per share and is demanding that the real estate investment trust (REIT) pursue a new asset management contract...
