The recent rally seen in the stocks are bringing back some optimism to real estate developers. DLF Assets, the property fund of DLF Ltd, India’s largest real estate developer, plans not just to revive but also to enlarge an initial public offer of its property trust in Singapore, Reuters reports. The company plans to update [...]
Unfazed by volatility in real estate prices and the rising inflation, Indiabulls Real Estate Ltd has decided to go ahead with a $300 million (Rs1,254 crore) IPO in Singapore. In a stock market announcement on May 8, IBRE said that Indiabulls Properties Investment Trust (IPIT), a business trust registered under the laws of Singapore, is [...]
Eredene Capital Plc., the UK based company which invests in infrastructure projects and real estate development in India, has said that it will invest up to Rs 21 crore or 2.6 million pounds in a new logistic park at Kalinganagar in Orissa, India, through its joint venture partner Apeejay Infra-Logistics Pvt. Ltd.
The company is [...]
Mumbai-based real estate developer Nirmal Lifestyle is in talks with Deutsche Bank, Lehman Brothers, Goldman Sachs, ICICI Venture and HDFC Realty to sell stake in some of its property projects. According to a report, Nirmal Lifestyle, which transformed Mulund as a happening suburb, may raise $500-$800 million from private equity funds. It is in the [...]
DLF Assets, the property fund of DLF Ltd, India’s largest real estate developer by market capitalisation, has raised $450 million (Rs 1,831.5 crore) from Symphony Capital, a London based investment firm. DLF Assets has earlier received $200 million from a fund sponsored by Lehman Brothers and $400 million from another global investment firm DE Shaw [...]
State Bank of India (SBI) will continue with its policy of tying up with strategic partners for entering the alternative investment business. India’s largest bank is set to tie up with an affiliate of Unitech to float a private equity real estate fund, reports Mint. The state-owned bank has signed a preliminary agreement with New [...]
DE Shaw, the leading global hedge fund and alternative investment firm, has said that both real estate and media are attractive investment opportunities in India. The fund recently invested $400 million in the DLF SEZ and has also taken equity in regional media house Amar Ujala. It also recently bought out UTI Ventures’ 35 per [...]
After the much publicised IPO plans of Emaar MGF fell apart, the Delhi-headquartered company is said to be talking to private equity investors to raise $800 million. According to The Economic Times, the private equity arms of Goldman Sachs, Deutsche Bank and another unnamed financial investor are probably interested in making the investment. Emaar MGF [...]
“Affordable homes business” is going to be the next big trend in India real estate sector. Global private equity firm Warburg Pincus will invest $75 million in Unique Affordable Homes Pvt Ltd, part of the Jaipur-based Mannat Group company. The company will build affordable housing projects in North and Western India. In its first pure [...]
Deutsche Bank has officially rolled out their real estate investment management business — RREEF Alternative Investments (RREEF) — in India. The firm has said it plans to invest over $1 billion in India across real estate and infrastructure sectors over the next three years. The bank has set up entity in India - RREEF India [...]
India-focused real estate fund Trikona Trinity Capital has roped in German institutional investor SachsenFonds as an equity partner in its existing and some of the new projects. The total equity commitment from Sachsen is $160 million, of which $126 million will go to existing projects and $34 million will go to new projects, reports Hindustan [...]
Project level funding is gaining curency in real estate business. Yatra Capital and Saffron India Real Estate Fund I (SIREF I) will pick up 15 per cent stake each in real estate firm Parsvnath’s subsidiary, Jarul Promoters & Developers, for a total consideration of Rs 186 crore. This will value the project, which is developing [...]
Mumbai-based real estate firm Lodha Group has sold a 45 per cent stake in its Hyderabad based real estate project to an international fund backed by HDFC for Rs 250 crore. The project in question is on 12.9 acres land at Eden Square, Hyderabad, which was bought by Lodha from the Andhra Pradesh Housing Board [...]
Merrill Lynch is raising a Pacific Rim real estate investment fund to the tune of $2.5-3 billion. According to Reuters, the new fund will invest in different types of property across the Pacific Rim, including India, Australia, Japan and the rest of Asia. It is in line with Merrill Lynch’s strategy to build third-party funds [...]
Singapore-based property developer Ascendas has entered a joint venture to develop a $290 million project in Coimbatore through its private property fund Ascendas India Development Trust (AIDT). AIDT has formed a 50:50 joint venture with IREO for the integrated project in the city.
The joint venture will be developing an integrated project on an area [...]
