Peninsula Land and Canada based Brookfield Asset Management have formed a 50:50 JV to launch a real estate fund for investments in India.
Kotak Realty Fund, owned by India’s fifth largest private sector lender by revenue, raised Rs.523 crore to lend to real estate developers with an assured return.
Danube Building Materials has opened its new Buildmart showroom in Ahmedabad, India, with aims for stronger presence in Asia’s third largest economy, the Dubai-based company said on Tuesday, Dec 13.
TATA Housing has announced its plans to expand its presence in the tier-II cities of India, by signing its first PPP venture in the ‘Temple City of India’ – Bhubaneswar, in association with Bhubaneswar Development Authority (BDA).
DLF is reportedly raising Rs.500 crore by sell of its stake in hotel subsidiary to Kolkata-based Square Four Housing & Infrastructure Private Ltd.
Unitech Ltd said on Monday, Dec 12, it has put on hold a plan to expand its infrastructure business and withdrawn another to merge two of its subsidiaries due to poor macroeconomic scenario.
Saffron Group, the Delhi-NCR based real estate group, which has recently forayed into hotel business by launching the maiden hotel property – Comfort Inn Saffron Kiran at Faridabad, NCR, plans to make more investments in the hospitality sector primarily in Northern India.
International agency Fitch Ratings has withdrawn ratings for various debt programmes for two listed real estate companies — Unitech and Parsvnath Developers Ltd — from its coverage.
Ajmera Realty & Infra India has announced that the company has acquired 100% stake in Ajmera Biofuel (ABL) subject to such approvals, consent, sanctions and permissions as may be required.
Wave Inc has engaged IBM to provide a roadmap to make its green-field township, Wave City, a smarter township. Located in Ghaziabad (Uttar Pradesh State).