HDFC Realty in talks to raise $600 mn
HDFC Realty, the private equity arm of Housing Development Finance Corporation, is in talks with the world’s largest sovereign funds to raise its fourth real estate fund.
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Ambani checks into Oberoi boardroom; Nita’s first foray in listed company
Mukesh Ambani’s wife Nita Ambani and his associate Manoj Modi joined the Board of Directors of EIH, the parent of the Oberoi Hotels chain that includes Calcutta’s Grand Hotel, on Monday, Oct 31.
Dubai launches $100 mn real estate fund with Brookfield
Investment Corporation of Dubai (ICD), a financing arm of the government, and Brookfield Asset Management have agreed to jointly sponsor a real estate fund with $100 million in seed money to focus on the domestic market.
Residential property: A lateral look at home ownership in India
If the current economic conditions have proved nothing else, they certainly prove that investment in Indian residential real estate is impossible to write off, ignore or find an alternative to.
India’s tallest tower gets booking worth Rs.100 crore in festive season
The real estate market may be in a slump with developers innovating ways and means to increase sell, but the festive season seems to be bringing in good cheer for the country’s tallest tower — Lodha World One.
Malaysian PKNS to build 1,000 affordable houses in Mumbai
The Malaysia’s Selangor State Development Corporation (PKNS) has forayed into India’s real estate sector and is close to concluding a deal with a leading developer to build affordable houses in Mumbai.
Mukesh Ambani sells Kenya building to World Bank for Rs 115cr
Mukesh Ambani has sold his plush 21-storey building in the commercial district of Nairobi to the World Bank for nearly $23 million (approx Rs.115 crore), making it the largest single property deal in East Africa.
Global investors still interested in Indian realty
The current global scenario might be one of gloom, with markets in the US and in Europe on the brink of a double dip recession, but interest in Indian real estate is still high among global investors
Nagpur catching fast to emerge tier-I city
Integrated township, 5-star hotel, shopping malls, multiplexes, and luxury apartments… backed by the NRI investment Nagpur is fast catching up on the real estate map of India to emerge as the tier I city.
Ascott opening its doors to India
Singapore-based Ascott Group, which operates serviced residences across the world, is finally opening its doors to India.