Search Results for:Madhurima Nandy

India: Piramal Finance invests $62.2m in Prateek Group project

Piramal Finance Pvt. Ltd has lent Rs425 crore to Noida-based Prateek Group to repay existing loans and complete construction of a township project in the National Capital Region (NCR), top officials of both companies said. Prateek will use the money to pay off existing loans to Xander Finance Pvt. Ltd… Read more »

India: Piramal consolidates its financial services business under one unit

Only some of the real estate funds which deployed equity capital under Indiareit Fund Advisors Pvt. Ltd will remain with PEL.

India: Piramal Enterprises to set up housing finance firm

Piramal Finance has a long presence in wholesale finance, catering to financing needs across real estate and as non-real estate (operating infrastructure and other sectors) sectors with a current overall loan book Rs19,170 crore.

India: Vatika Hotels raises $73m debt from Axis Bank

Vatika Hotels Pvt. Ltd, owned by real estate and hospitality firm Vatika Group, has raised Rs495 crore in debt from Axis Bank Ltd, which it will use to expand its hotels and quick-service restaurant chain besides its business centres, a top company executive said. The Gurgaon-based company will also invest… Read more »

India: Shopping malls catch fancy of global realty investors

Investors across the globe shopped for some of the best malls across Indian cities this year, signalling an increasing interest in retail real estate as they bet on long-term gains from the country’s booming consumer economy. Marquee investment and pension funds such as Blackstone Group Lp, GIC , APG Asset… Read more »

ECL Finance invests $44m in realty firm Rohan Lifescapes

ECL Finance Ltd, the non-banking financial company (NBFC) of financial services firm Edelweiss Group, has invested Rs300 crore in a bouquet of residential projects of Mumbai-based realty developer Rohan Lifescapes. The debt transaction is structured in such a way that ECL Finance has taken control of a part of the… Read more »

India: DLF’s debt woes to linger as stake sale deal gets delayed

India’s largest property developer DLF Ltd, which saw its net debt rise by Rs1,021 crore to Rs23,530 crore in the September quarter, may see further pile-up in debt as residential cash flows will get impacted due to demonetisation, continuing construction spend and delay in the critical stake sale transaction. The… Read more »

India: Real estate fund-raising plans run into multiple roadblocks

Indian real estate funds are finding it tougher than usual to raise money as investors demand a more rigorous due-diligence process in an uncertain environment. Large pension funds and global investors are now seeking exclusive and direct partnerships with developers instead of parking money with fund managers who are essentially… Read more »

India: Piramal Fund invests $110m in Adarsh Developers

Real estate investor Piramal Fund Management Pvt. Ltd has invested Rs750 crore in Bengaluru-based Adarsh Developers in a large debt refinancing and construction financing transaction. Of this, Rs550 crore will go to refinance existing loans and the rest will be used for working capital requirements in the company’s multiple projects…. Read more »

India: Piramal Fund to lend $52m for Ozone’s township project

Piramal Fund Management Pvt. Ltd has sanctioned Rs360 crore for realty firm Ozone Group’s 150-acre mixed-use Urbana township project in north Bengaluru, which will help the developer refinance existing loans. The structured debt transaction will help Ozone give a full exit to Urban Infrastructure Venture Capital Ltd from the project,… Read more »