Bidya Sapam

Morgan Stanley arm buys majority stake in Pune’s KSH Infra for $49m

KSH Infra, which operates two warehousing and industrial logistics parks, had been looking to raise funds to expand its warehousing business.

Godrej Properties inks six-project deal with Pune builder

The transaction comes at a time when the property market is undergoing a phase of consolidation where several local builders are forging alliances with corporate developers.

Singapore’s Ascendas-Singbridge buys land to develop IT park in Chennai

This will be Ascendas’ sixth property in Chennai. Its other properties include an integrated industrial development and two logistics and warehouse facilities at Oragadam and Periyapalayam.

India: IL&FS calls for bids for realty assets in Mumbai, Kolkata

The company said it is selling five real estate assets in Mumbai and one in Kolkata with 15 January as the final date for potential buyers to submit their bids.

Warburg, India’s Lemon Tree form JV to invest $427.5m in co-living spaces

The JV will primarily focus on student housing, co-living for working professionals and multi-family users.

Brookfield close to acquiring India’s Leela hotels for $627m

Leelaventure owns five luxury hotels comprising over 1,400 rooms in New Delhi, Bengaluru, Chennai, Mumbai and Udaipur.

India: Blackstone in talks to acquire Adani’s BKC property for $270m

The private equity firm stepped in after Shapoorji Pallonji backed out from buying the 10-storey building in Mumbai’s latest financial district.

Lodha Developers plans to raise up to $704m from sale of UK assets, PE route

LDL is selling its equity interest in the two UK assets for about Rs4,200 crores – this will bring significant cash into LDL and strengthen its balance sheet.

Indian Hotels plans to sell 10 properties over next 3 years to cut debt

The Tata Group firm aims to reduce its consolidated debt by 30% in the next 18 months, mainly through asset monetization.

Blackstone-backed Panchshil enters warehousing, may exit residential business

Under the new platform, Panchshil plans to build 2 million sq. ft of warehousing and light industrial space.