Private equity funds are exiting residential real estate investments primarily through the refinancing route at the end of their investment tenure as against the normal process of cash flow accruals. Instances of several fund exits in recent months show that delays in projects and slow sales have made it tough for property developers to repay… Read More »
The state government has permitted the AP State Road Transport Corporation (APSRTC) to covert its vacant land into commercial use zones (CUZs) or multiple use zones (MUZs). All the urban civic bodies and urban development authorities as well as the Capital Region Development Authority in Amaravati will be allowed to use the CUZs and MUZs.… Read More »
Aequs, which owns special economic zone (SEZ) at Belagavi where it runs aerospace and automotive businesses, looks at consolidating its position in the aerospace business, in the next five years. “We have enough order book with us and quite good acquisitions abroad. Our SEZ also houses leading technology companies in aerospace. Now we want to… 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 »
Several top PE firms and other investors have bought income-producing office assets across the country but the easy pickings seem to have run out. While their appetite remains intact, funds are faced with a shortage of good quality investible office space, and there seems to be a mad rush for what’s left. The biggest deal… Read More »
In Britain’s regions, smaller investors are securing discounted deals on commercial property as heavyweight funds put purchases on ice ahead of the referendum on EU membership. Defying an investment lull in the capital, regional property markets have been enlivened by private equity firms and other small investors taking advantage of reduced competition for office and retail… Read More »
A retail investor has to put in at least Rs.2 lakh in REITs and dividend rules allow for stable income Real Estate Investment Trusts (REITs) are in the news, with analysts bullish about the potential in India and the Securities and Exchange Board of India looking to tweak norms – a process that will begin… Read More »
With a massive market, easily understood product, strong team and upcoming favourable regulatory change, Propstack looks ready to seize the commercial real estate opportunity in India. Co-founder Raja Seetharaman shares his thoughts on the same. Tell me about your founders and how you started? We are three co-founders with backgrounds in Commercial real estate (CRE) (Insignia,… Read More »
Bengaluru witnessed highest leasing volumes of office space in Asia Pacific during the first quarter of 2016, according to a report by a property consultant. Bengaluru saw the highest leasing volumes in Asia Pacific on the back of big-ticket transactions, while Tokyo saw good pre-commitments on upcoming supply. Delhi came third on the back of healthy… Read More »
Twenty-six Special Economic Zones (SEZ) in Telangana out of the 48 such facilities notified in the State have become operational. The Development Commissioner of the Union Ministry of Commerce & Industry, based at the Visakhapatnam SEZ in Duvvada, said this urging the State government to nominate officials to participate in meetings concerning the facilities. The 26 SEZs… Read More »