Propstack Insights: 30% decline in loan sanctioned to developers in Q4 2018
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Tag Archives: Fund raising
Indiabulls to launch Rs1,500 crore fund to invest in office spaces
Indiabulls Asset Management Co. Ltd is launching its first commercial asset fund and plans to raise up to Rs1,500 crore from mainly domestic investors, said a fund executive. Dual Advantage Commercial Assets Fund is an alternative investment fund (AIF) and will invest in buying out office properties that generate regular stable rental income with capital… Read More »
Reliance AIF to raise Rs1,000 crore office fund
Reliance AIF Asset Management Co. Ltd is raising a Rs 1,000 crore rental yield fund, its first initiative to buy and own office projects. Besides Reliance AIF’s fund, two more such office investment funds are expected to launched this year. Reliance AIF, a unit of Reliance Nippon Life Asset Management Ltd, launched the fund in… Read More »
Real estate fund-raising plans run into multiple roadblocks
Indian real estate funds are finding it tougher than usual to raise money as investors demand a more rigorous due-diligence process in an uncertain environment. Large pension funds and global investors are now seeking exclusive and direct partnerships with developers instead of parking money with fund managers who are essentially intermediaries. “There are some uncertainties… Read More »
Brookfield raises largest $14 billion infrastructure fund
Brookfield Asset Management Inc. raised $14 billion for its latest infrastructure fund, topping its target, as Canada’s largest alternative asset manager goes on the prowl for larger acquisitions. The pool, known as Brookfield Infrastructure Fund III, will be the largest private infrastructure fund ever raised in the industry, according to a statement from Brookfield, and data… Read More »
Century Real Estate raises Rs 520 crore from Piramal Group
Property developer Century Real Estate has got about Rs 520 crore in a mix of structured debt and construction finance from Piramal Fund Management, the real estate investment arm of Ajay Piramal Group, according to sources familiar with the matter. This is the second fund raise by the company from Piramal, in less than a year.… Read More »
IDFC Alternatives to raise Rs 2,000 crore real estate fund
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 »
RMZ Corp in talks to raise $500 million for expansion
Bengaluru based RMZ Corp, one of the leading commercial real estate developers in India, is discussing with pension and sovereign funds to raise $500 million for its expansion plans. Arshdeep Sethi, MD of RMZ Corp says that they will use the money to double their portfolio and buy office assets across major markets in India.… Read More »
