Bharti Realty Limited, the real estate arm of the Prestigious Bharti Group, today announced the unveiling of its state of the art premium commercial space situated at its Pavilion Mall, Ludhiana. Pavilion Mall is located at Fountain Chowk, which is considered as the heart of Ludhiana and is among the best destination for shopping and… Read More »
Reforms in FDI policy and relaxation of norms in Real Estate Investment Trusts (REITs) will benefit the realty sector, especially the commercial segment, a property consultant today said. Earlier this week, the government unleashed a second wave of FDI reforms, allowing 100 per cent inflows in civil aviation and food processing sectors while easing norms in… 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 »
Blackstone, largest alternative assets manager in the world, is is exploring options to separately list its mall properties in the country as a real estate investment trust (Reit), said a source in the know. Blackstone owns three malls in the country, with a total area of two million sq ft. It wishes to buy more, said… 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 »
The Securities and Exchange Board of India (Sebi) has relaxed rules on Real Estate Investment Trusts (REITs) by allowing them to invest more in under-construction projects, rationalised unit holder consent on related party transactions and removed restrictions on special purpose vehicle (SPV) to invest in other SPVs holding the assets. The Sebi board has also… Read More »
Steady lease rentals, high absorption levels, inadequate supply and global investor interest have breathed life into India’s commercial real estate sector, even as the country’s residential property market continues to be in a slump. Unlike the fragmented market for residential properties, a few leading developers, backed by large investors, are building Grade A (top quality) office… Read More »
IDFC Alternatives, the asset management arm of infrastructure finance company IDFC Ltd, is looking to raise a $300-million ( Rs 2,000 crore) fund to invest in the Indian real estate sector, people close to the development said. While some of the earlier real estate-focused funds raised under the IDFC Alternatives umbrella were bullish on the… Read More »
Blackstone, the largest alternative assets manager in the world, has started discussion with partners and its bankers on consolidating its office properties in this country, with the idea of floating a real estate investment trust (Reit), said a senior executive. Blackstone and its partners, the Bengaluru-based Embassy and Pune-based Panchshil, own about 35 mn sq ft of… Read More »
Private equity investments in January-March amounted to $ 3.1 billion through 160 transactions, registering a moderate 2 per cent decline in terms of deal value over last year, says a PwC report. In comparison with the year-ago period, there was a considerable decline of 24 per cent in terms of deals numbers. January-March 2015 quarter had seen… Read More »
