Peninsula Land forms JV with Brookfield AMC for real estate fund
Peninsula Land and Canada based Brookfield Asset Management have formed a 50:50 JV to launch a real estate fund for investments in India.
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Kotak Realty fund raises Rs. 523 crore
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.
Money laundering law set to cover realty agents
Real estate agents, gems and precious metals traders will soon come under the ambit of country’s anti-money laundering law.
Luxury hotel brands eye India market
Many of the best luxury and ultra-luxury hotels from all over the world are readying plans to enter the India market, and are expected to set up chains over the next couple of years.
Dewan Housing unit plans to raise Rs 2 bn real estate fund
ArthVeda Fund Management, a unit of Dewan Housing Finance Corp. said on Tuesday, December 6, it plans to raise Rs.2 billion (about $40 million) to invest in greenfield real estate projects.
Indian developer announces Dubai foray
India-based Pacific Real Estate Development has announced its first property venture in Dubai, the 28-storey luxury tower at Tecom Media City.
Track2Realty boycotts Jones Lang LaSalle for breach of trust
In the wake of the unprofessional and unethical behavior of the real estate consultancy Jones Lang LaSalle India (JLLI), the editorial team of Track2Realty has taken a decision to boycott the firm for a month starting Monday, December 5.
Realtors look forward to retail FDI as a savior
Battling huge vacancies, piling inventories and lacklustre rentals, the Indian real estate is looking forward to retail FDI as a savior, expecting a windfall following the entry of global giants looking for more retail space for expansion.
FDI in retail signals evolution for retail real estate services
With FDI now permitted for multi-brand retailing in India, global retail giants are now zeroing in on India.
CREDAI proposes and Minister disposes one-sided proposal of transparency; Lalit Jain cries foul
In the wake of the real estate community under the industry body CREDAI, asking for only self-regulation and no government regulator, the Union Urban Development Minister Kamal Nath has bluntly refused to heed to any such fancy thoughts.