Brookfield, the Canadian asset manager could invest over $2 billion in India over the next 2-3 years to buyout upscale offices and commercial towers, stranded roads, power and utilities infrastructure as it aims to double its existing asset base in the country. Fresh from raising $14 billion to invest in infrastructure, believed to be the largest… Read More »
Realty major Embassy Group, owners of the biggest business parks in the city, is in advanced talks to buy a 12-acre land parcel near Hebbal from drug maker AstraZeneca for Rs 290 crore, people directly familiar with the matter, said. Billionaire Jitu Virwani-led Embassy is expected to pay Rs 24 crore per acre to acquire the… Read More »
Indiabulls Alternative Investments Ltd plans to raise as much as Rs.1,000 crore for a new fund from non-resident Indian (NRI) investors based in West Asia, Asia-Pacific and Europe. India Opportunities Fund, a real estate-focused, alternative investment fund (AIF), allows NRI investors, along with persons of Indian origin (PIOs) and other foreign investors, to participate in domestic… Read More »
Blackstone Group, GIC of Singapore and Brookfield Asset Management have fired slightly over $1-billion separate bids to acquire a 40% stake in DLF’s commercial property unit that owns rent-yielding assets. The three heavyweight investors are among those who made offers as the deadline for filing bids ended last weekend, sources directly familiar with the matter… Read More »
Canada’s Brookfield Asset Management Inc. is gearing up to significantly increase its real estate investments in India, on the back of a well-performing office market, a residential sector that promises to turn around soon and huge demand for capital from developers, two people familiar with the company’s plans said. As part of the plans, Brookfield will… Read More »
The commercial real estate sector is witnessing increased interest from private equity funds, with several large institutions focusing on completed and leased commercial assets for investment. In 2015, private equity real estate firms deployed more than $5 billion in Indian real estate companies and projects -the highest since the financial crisis of 2008 -through 90 deals,… Read More »
The Chinese delegation comprising government firms that are into construction business had visited Surat last year and claimed that they could construct this fully environment-friendly skyscraper in very short time using pre-fabricated technology. SMC officials said that they are checking the feasibility for this project on the 22,000 sq m land on the Ring Road where… Read More »
Bullish on the rising demand for commercial real estate, Mumbai-based developer K Raheja Corp. is planning to invest around Rs.2,000 crore in acquiring land and building 6 million sq. ft of commercial space in the next two-and-a-half years in Navi Mumbai. The company currently operates three information technology (IT) parks in Navi Mumbai under the brand… Read More »
After MADC issued show cause notices for termination to 23 investors in Mihan-SEZ, nine companies have expressed inability to go ahead with their plans and have demanded their money paid for buying land back. All except L&T Infocity which has 50 acres of land have small-size projects having taken up 1 to 3 acres of… Read More »
Embassy Group has partially acquired a stalled SEZ project in Chennai from SNP Infrastructure for an undisclosed amount, two people aware of the development said. The 26-acre property on Thoraipakkam-Pallavaram road is close to the airport. Land on Pallavaram road costs about Rs 20 crore per acre. “The special economic zone project was shelved in 2008… Read More »
