IL&FS India Realty Fund (IIRF), a private equity arm of the debt-laden Infrastructure Leasing & Financial Services, has approached the dedicated bankruptcy court against Mumbai-based DB Realty over default of...
Xander sets up $250 mn industrial realty fund to acquire logistics assets
Singapore’s Xander Investment Management has set up a $250 million industrial real estate venture to purchase assets in the high-growth logistics and e-commerce sectors at industrial corridors across major cities in...
Tiger Global leads fresh funding in realty listing site NoBroker
Brokerage-free real estate listing platform NoBroker.com said on Tuesday that it has raised $50 million ( ₹356 crores) in Series D funding in a round led by Tiger Global Management. Existing investor General Atlantic...
Fosun invests 800 crore in realty venture with Ahuja Constructions
In its first realty transaction in India, Chinese investment conglomerate Fosun Group has acquired majority stake in a property development platform it has formed with realty developer Ahuja Constructions for 800 crore...
Oberoi Realty buys 60-acre land from GlaxoSmithKline in Thane for Rs 890 cr
Oberoi Realty Ltd on Friday said it has bought around 60 acres of land in Thane, Maharashtra from GlaxoSmithKline Pharmaceuticals for nearly Rs 890 crore. In a regulatory filing, the Mumbai-based developer said...
NCLT directs insolvency proceedings against realty firm Three C Projects
The National Company Law Tribunal (NCLT) has ordered start of insolvency proceedings against NCR-based realty firm Three C Projects Ltd and also appointed an Interim Resolution Professional (IRP) to take over the...
NCLT admits Insolvency resolution plea against listed realty firm HDIL
A dedicated bankruptcy court has admitted an insolvency plea against listed realty developer Housing Development & Infrastructure (HDIL) after Bank of India sought recovery of its dues under provisions of the time...
Jaypee Infra lenders, home buyers vote against Suraksha Realty’s bid
Debt-stressed Jaypee Infratech’s financial creditors and home buyers have voted against the bid of Mumbai-based Suraksha Realty, the only offer that was left in fray to acquire the company. Both financial creditors and...
Tridhaatu Realty in talks with private equity firms to raise Rs 450 crore
Realty developer Tridhaatu Realty is in talks with private equity firms to raise about Rs 450 crore to fund development of its ongoing projects and support further expansion across Mumbai over the next 3-4 years. The...
NBCC ready to buy more stressed realty assets
State-run construction major NBCCNSE 2.08 % is open to acquiring more distressed assets in the real estate sector, provided there are no corporate governance issues, chairman Anoop Kumar Mittal has said. NBCC has...
TVS Realty arm buys Chennai plot for Rs 150 cr
TVS Emerald Housing, the real estate arm of TVS group, has bought a 6.5 acre land parcel in Chennai’s IT corridor for Rs 150 crore from SNP Infrastructure, according to people aware of the matter. The land was bought at...
Investcorp announces acquisition of IDFC Alternatives’ PE, realty investment management business
Alternative investment manager Investcorp on Wednesday said it has launched its operations in India through the acquisition of the private equity and real estate investment management businesses of IDFC Alternatives, a...