By Madhurima Nandy
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 »
Mumbai-based developer Shapoorji Pallonji Real Estate plans to buy up to 100 acres across India for about Rs750 crore in the next one year to expand its affordable housing business, a top company official said. The company is close to signing two land deals of 15-25 acres each in Maharashtra… Read more »
In Mumbai, Alpha Corp. is actively looking at joint development opportunities, with an area sharing arrangement and other options
Piramal Fund Management Pvt. Ltd, one of the largest lenders and investors in residential real estate, plans to finance completed commercial projects, including office and retail assets, through a flexible lease rental discounting (LRD) model, as part of its strategy to diversify into commercial realty. Piramal has identified an initial… Read more »
Two Philippine companies involved in the property sector announced on Tuesday plans to raise a combined $358.7 million from the capital markets next year to fund expansion plans. This comes at a time when President Rodrigo Duterte has vowed to raise infrastructure spending to boost growth, generate jobs and reduce… Read more »
Property developer CapitaLand is launching a US$500m fund targeting commercial investments in Vietnam.
Hong Kong’s H & C Real Estate and Myanmar’s Mya Bay Development Company is starting the implementation work of $200 m Platinum Pathein project.
Greenland Hong Kong Holdings Ltd said its $8 billion real estate fund co-established with Kuwait Strategic Investor has raised $300 million in the first phase, but it has shelved plans to buy a stake in a luxury New York City development from its Kuwait partner. The Shanghai-based developer, a unit… Read more »
Trump Organization, the New York-based business venture of US president-elect Donald Trump, has signed a deal with real estate firm Unimark Group in Kolkata for a residential project, is in talks for a second project in Pune and plans to tap opportunities in office real estate across large cities, multiple… Read more »
CapitaLand is opening eight new malls in 2017, Global Yellow Pages has purchased land in New Zealand and Tanjong Pager shophouses are up for sale.