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...
Realty
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...
Norway cuts Entra stake in $371 million share sale
The Norwegian government sold a 14.1% stake in real estate company Entra for 3.4 billion crowns ($371.1 million), the country’s industry ministry said on Tuesday. Following the sale of shares to around 210 foreign and...
Jaypee Infra case: Suraksha may offer more cash & land to lenders, higher penalty to buyers
Mumbai-based Suraksha Realty, which is in the race with state-owned NBCC to acquire bankrupt Jaypee Infratech, is likely to offer additional cash and land to lenders, and higher delay penalty compensation to homebuyers...
Two Singapore-listed real estate trusts announce $4-billion merger plan
Two Singapore-listed real estate investment trusts under the Frasers Property group said on Monday they planned to merge to create an entity that will hold assets worth S$5.7 billion ($4.2 billion). The proposed merger...
