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 »
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 »
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 »
Eight special economic zone (SEZ) developers and units, including Gulf Oil Corporation and Lanco Solar have sought more time from the government for implementing their projects. All these requests will be considered by the Board of Approval (BoA), headed by Commerce Secretary Rita Teaotia, on June 16. The BoA is a 19-member inter-ministerial body that deals… Read More »
Information technology major Wipro wishes to take forward a plan to revive a special economic zone (SEZ) project in West Bengal. It has approached the state government’s new minster for information technology, Bratya Basu. If Wipro’s recommendations are accepted, it could mean the software giant would come up with a third facility at Rajarhat, near this… Read More »
With an aim to make REITs more attractive to investors , markets regulator Sebi plans to relax its norms to allow these Trusts to invest more in under- construction assets and have a larger number of sponsors. The Securities and Exchange Board of India (Sebi) had put in place its regulations for Real Estate Investment… 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 »
Office demand in suburban locations or secondary business districts is outpacing that in the central business districts across India’s major markets. Experts said the trend that began with Mumbai, with the shift in preference from Nariman Point to the Bandra-Kurla Complex over the past few years, has moved to other cities as well and started… Read More »
