ICICI Venture to raise money for real estate fund
ICICI Venture Funds Management plans to raise Rs.7.50 billion to Rs.10 billion ($167 million to $223 million) for its second real estate fund.
ICICI Venture Funds Management plans to raise Rs.7.50 billion to Rs.10 billion ($167 million to $223 million) for its second real estate fund.
JP Morgan has invested $30 million in Parsvnath Developers’ residential project La Tropicana coming up in the Civil Lines area of New Delhi.
Financial services firm ASK Investment Holdings Pvt. Ltd, has floated a real estate company, Pashmina Developers.
Fire Capital, the first private equity fund focused on the…
India Property Fund, managed by NRI investor Purnendu Chatterjee’s TCG Real Estate and US-based Vornado Realty Trust, is in the final stages of investing Rs 270 crore in two residential developments in national capital region and Mumbai.
Indian real estate is expected to face “large-scale distress” amid rising borrowing costs and shrinking access to credit that may force developers into fire sales for assets, according to Knight Frank.
Faced with the non-compliance by the real estate companies, Brand Capital, earlier known as Times Private Treaties, the ad-for-equity business of publishing group Bennett, Coleman and Co. Ltd (BCCL), has hired real estate consultant Knight Frank India Pvt. Ltd to manage its real estate portfolio.
Emaar Properties PJSC, Dubai’s largest real-estate firm, has asked consultants and investment bankers to value its Indian joint venture Emaar MGF Land Ltd’s assets.
DB Realty, the tainted Mumbai-based real estate developer whose name figured in the 2G spectrum investigations, has lost its fourth director since February.
Kotak Realty Fund, the property investment arm of India’s Kotak Mahindra Bank, plans to raise as much as USD 500 million by the second quarter of this year, in a bet on the long term case for property in Asia’s third-largest economy, a top official said.