Latest Realty News

Piramal's PE fund, 2 others in race for stake in Vardhman's 2 realty projects
Dec 20, 2013
MUMBAI: Billionaire Ajay Piramal's real estate focused private equity fund Indiareit Fund Advisors, US-based real estate fund Capri Capital Partners and Edelweiss Capital are in the fray to acquire a stake in Mumbai-based realty company Vardhman Developer's two real estate projects.
PE investments give cash-hit realty sector a new lease of life
Dec 16, 2013
MUMBAI: Home-grown private equity funds seem to have opened their purse strings again for the realty sector, which is facing a cash crunch.
Abu Dhabi Investment Authority to invest $250 million in Hines India Real Estate
Dec 11, 2013
BANGALORE | NEW DELHI: Abu Dhabi Investment Authority is investing $250 million ( Rs 1,500 crore) in Hines India Real Estate, the Indian arm of American property development and management firm Hines, amid a rise in overseas interest in the sector.
Motilal Oswal plans second realty fund
Dec 11, 2013
BANGALORE: Motilal Oswal Real Estate is planning to raise Rs 300 crore from Indian investors, via a real estate fund with a greenshoe option of Rs 200 crore.
Ashiana Homes & Landcraft raises Rs 180 crore from Indiareit & IIFL
Dec 11, 2013
DELHI: Realty firms Ashiana Homes and Landcraft Projects said they have raised Rs 100 crore from Pirmal Group's private equity firm Indiareit and another Rs 80 crore from financial institution India InfolineBSE -1.35 % to fund their upcoming housing project in Gurgaon.
Commercial realty projects find favour with PE firms: Cushman & Wakefield report
Dec 05, 2013
MUMBAI: The value of private equity transactions in the country's real estate sector surged 26% year-on-year in the nine months to September, indicating that PE investors remain bullish on the sector, particularly the commercial segment, despite weak sales and rising inventories.
City of Palaces’ growing slowly in smaller towns
Nov 29, 2013
KOLKATA: Year 2006. West Bengal’s Tier-II towns had their brush with the realty boom. It covered smaller towns such as Burdwan, Durgapur, Assansol, Shantiniketan, Bolpur, Prantik and Katwa.
Blackstone Real Estate partners to exit Synergy Property for Rs 260 crore
Nov 27, 2013
BANGALORE: Blackstone Real Estate Partners, an affiliate of The Blackstone Group LP, is exiting its investment in Bangalore-based Synergy Property Development Services in a deal valued at Rs 260 crore.
Blackstone rivals DLF in office realty
Nov 26, 2013
DELHI: An acquisition binge has placed private equity giant Blackstone as the second biggest landlord in India's booming office space market, emerging as a strong challenger to Gurgaon-based DLF's leadership in a real estate segment with stable yields, data sourced from international property consultants said.
Iconic properties in Mumbai in demand: Experts
Nov 25, 2013
MUMBAI: Prime properties are still fetching good vale in this land-starved megapolis even as rentals are seem to be falling, going by the recent trend of landmark buildings changing hands, experts have said.
Supriya Sule raises stake in Panchshil realty arm
Nov 22, 2013
MUMBAI: Supriya Sule, MP and daughter of Nationalist Congress Party chief Sharad Pawar, has increased her stake in a subsidiary owned by Panchshil Realty that has shot in limelight for its impending acquisition of iconic Express Towers in South Mumbai along with US private equity firm Blackstone Group.
Sun-Apollo, Rustomjee Builders reach out of court settlement
Nov 21, 2013
MUMBAI: Sun-Apollo India Real Estate Fund and Rustomjee Builders, locked in a court battle over a financial dispute, have reached an out-of-court settlement under which the private equity player exited in the realty firm for an undisclosed sum.
Pirmal Group's PE firm Indiareit raises Rs 800 cr fund to invest in real estate
Nov 13, 2013
DELHI: Pirmal Group's real estate private equity firm Indiareit Fund Advisors today said it has raised Rs 800 crore capital through a scheme.
Top realtors like DLF, Tata Housing, Fire Capital rush to hills to tap holiday home demand
Nov 09, 2013
DELHI: Luxury holiday homes in the hills are once again becoming an object of desire and India's top real estate companies are ready to meet this demand, especially as the slowdown has eroded sales in urban markets. Entrepreneurs, retired industrialists and top executives are all looking to pick up a second home to get away from the hassles of city life.
3C Company to invest Rs 3,500 crore on mixed-use project in Noida
Nov 08, 2013
DELHI: Realty firm The 3C Company said it will invest Rs 3,500 crore on developing a mixed use project at Noida comprising a 5-star hotel and branded homes, to be managed by hospitality major Four Seasons Hotels and Resorts.
Promoters of Dabur Burman family to foray into real estate business
Oct 23, 2013
BANGALORE: The Burman family, promoters of the $1-billion FMCG major Dabur, is entering the Indian real estate market through a joint venture with a US-based private equity investor, said multiple sources briefed on the matter.
Xander to buy Shriram arm’s IT SEZ for Rs 690 crore
Oct 15, 2013
BANGALORE: Global fund house Xander, the largest foreign investor in Indian realty assets, is close to acquiring an IT special economic zone in Chennai from the developer arm of Shriram Group for Rs 690 crore ($112 million), said people directly aware of the matter.
PE funds sign deals with big builders like Lotus Greens, Mahindra Lifespace for stable returns
Oct 10, 2013
BANGALORE|MUMBAI: Private equity firms with big appetites are increasingly tying up with reputed developers to build large asset portfolios and earn stable returns.
Morgan Stanley arm shelves project with Wadhwa Group
Sep 27, 2013
MUMBAI: Morgan Stanley Real Estate Fund was working on the structured finance deal with Mumbai based Wadhwa Group since January to invest in the latter's 1.6 million square feet office project in Bandra-Kurla Complex. Construction on the project, called ONE BKC, is due to be completed in the next 12-15 months.
Unitech leases 8 lakh sq ft space in Gurgaon SEZ
Sep 25, 2013
DELHI: Realty major Unitech has leased 8 lakh sq ft of office space in its Gurgaon SEZ to US-based HR consultancy firm Aon Hewitt with a potential revenue of about Rs 800 crore over the next 15 years.
Avenue Venture invests Rs 55 crore in Rohan Builders' housing project
Sep 20, 2013
DELHI: Private equity firm Avenue Venture Real Estate Fund has invested Rs 55 crore in a residential project developed by Rohan Builders in Bangalore, property consultant Jones Lang LaSalle India said.
Spectre of bubble-burst looms over housing sector
Sep 17, 2013
MUMBAI: The year was 2007. The real estate market, like the Indian economy, was on a roll. And Manish Khanna was busy house-hunting in Mumbai. His weekends were spent looking for an affordable deal in a good locality.
Rupee free fall wipes out meager returns on real estate; makes PE exit painful
Sep 12, 2013
MUMBAI/BANGALORE: The depreciating rupee may have helped improve property sales to NRI buyers, but it isn't helping the saviour of real estate developers — private equity firms — which are not only stuck with their earlier investments, but can't raise fresh funds either.
Parsvnath pays Rs 501 crore instalment to RLDA for Delhi rail land
Aug 24, 2013
DELHI: Realty firm Parsvnath Developers today said it has paid Rs 500.86 crore instalment to the Rail Land Development Authority (RLDA) against the 38 acres of rail land that it had bought for Rs 1,651 crore.+
DLF puts Pune IT special economic zone on the block
Aug 08, 2013
MUMBAI/BANGALORE: DLF, India's biggest real estate developer, has put on the block the second phase of its under-construction IT special economic zone project in Pune'sHinjewadi for an anticipated Rs 250 crore, a move in line with the company's strategy to pare its debt by exiting non-core projects and businesses.

Latest Realty News Of State

Realty Talk's