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...
Government to move Supreme Court to supersede Unitech board
The ministry of corporate affairs is set to move the Supreme Court next week with a plan to supersede the board of directors of real estate developer Unitech Ltd., said a person with knowledge of the matter. The Supreme...
Property group Seazen plans $351 million new share sale
China’s Seazen Group Ltd said on Tuesday it planned to sell new shares worth HK$2.73 billion ($351 million) to third party investors and that it would use the proceeds to fund its long-term business development and as...
Sunac China plans $1 billion share sale to enlarge shareholders’ base
Sunac China Holdings Ltd said on Friday it planned to sell HK$8 billion ($1.03 billion) worth of new shares to third party investors to enlarge its shareholders’ equity base and optimize the capital structure. The...
Lodha in race against time to raise funds to meet debt obligations
Lodha Group, one of India’s largest property developers, is in a race against time to raise close to $225 million (around ₹1,600 crore) by selling bonds to meet its debt repayment obligations due next year. The group...
Allianz-Shapoorji Pallonji JV acquires WaveRock Complex for $250 million
SPREF II Pte. Ltd., a joint venture between Allianz Group and Shapoorji Pallonji Group, on Wednesday said it has acquired a 2.4 million sqft special economic zone (SEZ) property Waverock in Hyderabad from TSI Business...
Piramal Realty inks joint-venture with Omkar Realtors for Mumbai project
Piramal Realty on Thursday said it has formed a joint venture with Omkar Realtors to develop a project in Mumbai and will invest Rs 3,000 crore over the next few years. Piramal Realty, the real estate development arm of...
