Track2Realty-Agencies: The Competition Commission of India (CCI) has approved a real estate deal between global private equity giant Blackstone Group and Pune-based realty firm Embassy Group. The proposed deal involves Blackstone and Embassy Group having joint control over an entity engaged in the business of development and management of commercial and office space and related activities.
India-Sri Lanka bilateral trade has increased by over 65% last year, close to U.S. $5 billion, Indian High Commissioner to Sri Lanka Ashok K. Kantha, has said.
Manesar was envisaged as a model township encompassing residential real estate as well as commercial office and industrial establishments. Hence, it was appropriately christened as IMT (Integrated Manesar Township).
Investment in real estate sector in Punjab may slow down due to Assembly elections in the early part of next year, a senior official of DLF India said in Chandigarh.
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).
India-based Pacific Real Estate Development has announced its first property venture in Dubai, the 28-storey luxury tower at Tecom Media City.
Mapletree India China, a wholly-owned subsidiary of Temasek Holdings of Singapore, has acquired 100% stake in a Bangalore technology park for Rs.800 crore.
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.
The Indian real estate market has matured to the extent that it is seen as the best investment instrument, leaving behind gold and other traditional investment options.
While studying the real estate market in Delhi, it is…