Bengaluru-based real estate developer RMZ Corp. is planning to completely move out from the residential business as it sets out on an expansion drive to boost its commercial portfolio across major cities in the country. Backed by Qatar Investment Authority, the company is in the process of rapidly expanding its commercial real estate business as it… Read More »
The world’s largest private equity manager Blackstone Group, which is also the most prolific investor in Indian commercial properties, is finalizing plans to raise Rs 4,000 crore (about $600 million), through a listing of Real Estate Investment Trust (REIT) on the domestic stock exchanges, people directly familiar with the matter said. This will perhaps be… Read More »
RMZ Corp, the Bengaluru-based property developer backed by Qatar Investment Authority (QIA), is looking to file a prospectus for a real estate investment trust (Reit) by April next year. The company is looking to list its Reit by the third quarter of 2017, RMZ Corp chairman Raj Menda told Business Standard. “Preparation are at a preliminary… Read More »
Incentives and initiatives for REIT listings are underway but what does it take for markets to absorb these initiatives, and regulator to create an eco-system conducive to REITs? After SEBI issued recent guidelines for Real Estate Investment Trusts to see the light of day, REITs have been the talk of the town. While REITs were… Read More »
Singapore’s Temasek Holdings Pte and GIC Pte, the Canada Pension Plan Investment Board and the Abu Dhabi Investment Authority are in advanced talks to invest in Everstone Group’s $2 billion real estate investment trust (Reit) offer, three people aware of the development said. The offering by Everstone Group’s industrial and logistics real estate development platform, IndoSpace, is… Read More »
IndoSpace, a joint venture between Everstone Capital and industrial real estate firm Realterm, is in advanced stages of discussions with a clutch of marquee investors to raise funds through private real estate investment trusts (REIT). The report said that the potential gains from the REIT have attracted top global investors and that the transaction is… Read More »
Renewed confidence among institutional investors has pushed private equity flows into commercial real estate in the first half of 2016 even beyond the cumulative investments witnessed during the whole of last year. Office realty has received over Rs 3,256-crore investments from private equity funds during January to June as against Rs 3,229 crore in 2015,… Read More »
Recent actions by Indian regulatory bodies are bringing REITs (Real Estate Investment Trusts) closer to reality. REITs are expected to bring in a landscape change to real estate development in India – most importantly from a corporate governance perspective, enhancing greater participation from institutional players, both global and domestic. The changes will positively affect the… Read More »
At least a quarter of India’s top-rated office space of 464 million sq ft is expected to get listed by 2019 with an estimated valuation of around $18 billion (Rs 1.2 lakh crore), according to a study. Large institutional investors in India’s commercial real estate are gearing up to list their real estate investment trusts… Read More »
With an aim to make REITs more attractive to investors and real estate players, regulator Sebi on Monday proposed relaxed norms for related party transactions and allowed these Trusts to invest more in under-construction assets. Sebi also proposed removal of restrictions on REITs (Real Estate Investment Trusts) relating to investment in special purpose vehicle (SPV)… Read More »
