Italy’s biggest lender UniCredit has invested 435 million euros ($469 million) to buy a 32.5% stake in the company that owns the real estate assets of supermarket chain Esselunga, two sources close to the matter said on...
Oberoi Realty down after Invesco Global picks stake worth Rs 220 crore
Invesco Global picked up equity shares worth Rs 220 crore of Oberoi Realty through open market transactions. According to the bulk data available on BSE, a total of 50,24,217 shares of Oberoi Realty were purchased by...
LSL Property drops plans to merge with Countrywide
British real estate agent LSL Property Services said on Monday it will not make an offer for a merger with Countrywide, sending shares in its rival sharply lower. Last month, the companies had said they were in...
Eldeco Housing and Industries sells 100% stake in Swarnim Nirman
Real estate firm Eldeco Housing and Industries on Saturday said it has sold 100 per cent stake in its arm Swarnim Nirman to Eldeco Infrastructure and Properties. “The Company today i.e. March 14, 2020 has sold...
CCI approves acquisition of equity stake in Teesta Urja by Greenko Mauritius
Greenko Mauritius is a wholly-owned subsidiary of Mauritius-based Greenko Energy Holdings. Teesta Urja is a special purpose vehicle incorporated for implementation of a 1,200 MW hydro power project in North Sikkim. The...
DLF to raise Rs 2,000 cr via sale of land to existing or new JV partners
Realty major DLF is looking to raise Rs 2,000 crore through monetisation of certain commercial land parcels to its existing joint venture partners or new partners. The monetisation of land parcels would help the company...
Godrej Properties to buy railway land in Delhi for ₹1,359 crore
Godrej Properties Ltd on Monday said it will acquire 26.58 acres of prime property in the national capital for ₹1,359 crores. Terming it one of the largest land transactions in recent past, the Mumbai-based real estate...
Home rental startup Nestaway buys ApnaComplex
Home rental startup NestAway Technologies Pvt. Ltd Thursday said it has acquired apartment management platform ApnaComplex to expand its property management business. The company did not disclose financial details of...
Goldman Sachs invests in realtor Vatika Group
US banking giant Goldman Sachs has invested Rs 610 crore in Gurgaon-based realty developer Vatika Group in a part equity part debt deal, according to Vatika Group’s managing director, Gaurav Bhalla. Of this, Rs...
NCLAT sets aside insolvency proceedings against Raheja Developers
Providing a major relief to Raheja Developers, the National Company Law Appellate Tribunal (NCLAT) has set aside the insolvency proceedings against the NCR-based real estate firm and handed over the management of the...
UWIC collaborates with Japan’s YKK for windows, doors
The Japanese company representative Rajath Aggarwal said YKK was keen on expanding its foothold in India in collaboration with UWIC. Hyderabad headquartered building materials manufacturer UWIC Building Materials has...
Two CapitaLand REITs to merge in $6 billion deal
CapitaLand said on Wednesday it had proposed the merger of CapitaLand Mall Trust and CapitaLand Commercial Trust in a cash-and-stock deal valued at S$8.2 billion ($6.1 billion), adding to sector consolidation...
