Real estate firm Arvind SmartSpaces Ltd (ASL) has raised Rs85 crore from HDFC Capital Affordable Real Estate Fund-1 (H-CARE 1). The board of directors of ASL on Friday approved the allotment of 68.5 lakh equity share...
Vonovia says keeps options open on Deutsche Wohnen as it raises stake
Real estate giant Vonovia said on Wednesday it was keeping all options open regarding Deutsche Wohnen after it secured control of nearly 30% of the shares in its rival, days after a takeover attempt failed. Germany’s...
Kite Realty, Retail Properties to merge in $7.5 billion deal
Kite Realty Group Trust said on Monday it will buy rival Retail Properties of America Inc for about $2.8 billion to create one of the top five shopping center real estate investment trusts in the United States. Retail...
Godrej holding company hikes stake in Godrej Properties, Agrovet
In a move to increase stake in the group’s listed companies, Godrej Industries on Tuesday bought 2.53 per cent in Godrej Properties, the realty arm, from six Godrej family trusts for Rs 997.2 crore. With the stake buy...
Piramal group gets RBI approval for debt-ridden DHFL’s acquisition
The Reserve Bank of India (RBI) on Thursday cleared the Rs 34,250-crore acquisition of Dewan Housing Finance Corporation (DHFL) by the Piramal group. The Ajay Piramal-led group had outbid US-based asset management firm...
Realty firm Prestige Group partners Awfis to set up 6 co-working centres
Realty firm Prestige Group has tied up with co-working operator Awfis to set up six centres, comprising around 4,000 desks, in Bengaluru, Hyderabad and Chennai with an investment of about Rs 40 crore. Bengaluru...
DLF to sell Goa hotel plot in bid to divest non-core assets
DLF Ltd, India’s largest real estate developer, is selling a piece of land in Goa for around ₹250 crores as part of its strategy to divest non-core assets and raise funds to pare debt. “The existing land parcel is among...
Shapoorji Pallonji Real Estate to invest Rs4,000 cr on new project in Pune
Shapoorji Pallonji Real Estate on Thursday said it will invest around ₹4,000 crore to develop a large mixed-use project in Pune as part of its expansion plan. Shapoorji Pallonji Real Estate, which is the realty arm of...
Brookfield offers to buy remaining stake in real estate unit in $5.9 billion deal
Canada’s Brookfield Asset Management Inc said on Monday it had offered to buy the remaining stake in its commercial real estate business, Brookfield Property Partners LP, in a $5.9 billion deal. The move comes as the...
DLF rental arm to buy Hines stake in commercial project in Gurgaon
Realty major DLF’s rental arm DCCDL has entered into an agreement to acquire the stake of US-based Hines in a premium commercial project in Gurugram for Rs 780 crore, the company said in a regulatory filing...
TechVillage deal done, Embassy to sell more assets to its listed REIT
Bengaluru-based Embassy group will sell more properties to Embassy Office Parks, the real estate investment trust or REIT floated by it with its partner Blackstone, its chairman Jitu Virvani said in a webinar today. In...
Prestige group to sell commercial projects to Blackstone for Rs 9,160 cr
Realty firm Prestige Estates Projects Ltd on Monday said it has agreed to sell a large portfolio of office, retail and hotel properties to global investment firm Blackstone for an enterprise value of Rs 9,160 crore...
