Commercial space deals are finally taking off in Kolkata, according to a report. The last six months of the current fiscal have seen the maximum number of deals closing in the city with corporates expanding their office in Kolkata or shifting to a grade A property from their present premises. Major new entrants in the last… Read More »
Milestone Capital Advisors, a real estate private equity investor, has sold a commercial property in Bengaluru’s Electronic City phase I for Rs 150 crore, fetching more than 16% gross internal rate of return. The asset, which achieved rental yields of over 12% for the past five years, has been sold to an ultra high-net-worth individual. Read… Read More »
IDBI Federal Life has purchased office space for Rs 111 crore in Marathon Realty’s commercial project at Lower Parel in Mumbai. It has acquired around 61,720 sq ft office space spread over two floors in the project ‘Marathon Futurex’. “IDBI Federal Life Insurance Company Ltd has bought commercial space worth over Rs 111 crore at Marathon… Read More »
Real estate developer DLF has leased about 350,000 sft in its commercial complex at Gurgaon to Samsung India Electronics. Sources say that Samsung India Electronics has leased the space for its India headquarters. The complex has been built at an estimated cost of over Rs 400 crore. ‘Two Horizon Center’ by DLF comprises of 1.1 million… Read More »
Rajeev Talwar, chief executive officer (CEO), DLF Ltd mentioned that DLF would be ready with a special purpose vehicle (SPV) in the next six months. They have signed non-disclosure agreements with 25 global investors. He expects DLF to be the first one to crack REITs. DLF is gearing up to launch REITs worth Rs. 6,000… Read More »
Godrej Properties in September had sold 4.35 lakh sq ft of office space at Bandra-Kurla Complex (BKC) in Mumbai for a good valuation of Rs 1,479 crore. Godrej Properties in September had sold 4.35 lakh sq ft of office space at Bandra-Kurla Complex (BKC) in Mumbai for a good valuation of Rs 1,479 crore. The… Read More »
Piramal Fund Management Pvt. Ltd, the investment arm of Piramal Group, will start funding commercial office projects. It is one of the largest lenders and investors in residential real estate and already has a loan book and equity investments worth Rs.22,000 crore in the residential space alone, plans to deploy another Rs.5,000 crore in commercial office… Read More »
Kingfisher House is to be auctioned on March 17, 2015 to retrieve part of Rs 6,963 Cr loans due from the non-operational airline. Creditors have set a reserve price of Rs 150 Cr. The 2,401-square-metre property was taken under possession by SBICAP Trustee Company in February 2015. The e-auction will be held under the SARFAESI… Read More »
New York-based Blackstone Group is in advanced discussions with Salarpuria Sattva Group to invest about Rs 450 crore in its upcoming, 30-acre commercial property in Hyderabad, three individuals aware about the development said. One of them mentioned that this would be a pure equity deal and is expected to be settled in the next few… Read More »
CIDCO, sold total 8 land parcels in Navi Mumbai in an auction for total Rs 256 crore on Thursday, said two people familiar with the development. City and Industrial Development Corporation of Maharashtra Ltd (CIDCO), which is Navi Mumbai’s development authority auctioned a commercial plot in CBD Belapur and seven residential-cum-commercial usage plots at Nerul.… Read More »
