Bidya Sapam

Indian Hotels, Sarovar in running to acquire The Connaught in Delhi

Mumbai-based hospitality firm Byke Hotels and Resorts, which has presence in Jaipur, Manali and Kovalam, has also submitted its bids.

Mirae Asset Global to launch $100m AIF in India to invest in residential projects

The fund will focus on residential projects across Mumbai, Bengaluru, NCR, Pune, Chennai and Hyderabad, and is likely to be deployed within the next 18 months.

India: Ascendas to buy two office buildings in Navi Mumbai for $137.6m

At present, Ascendas India Trust operates around 12.6 million sq. ft of office space in Bengaluru, Mumbai, Pune, Chennai and Hyderabad.

Kanakia group to buy India Tube Mills land in Mumbai for $54m

The Kanakia group is looking to utilize the land either for mixed used development or building residential projects.

Dubai’s Emaar to sell hotel, other non-core assets in India

The developer now plans to focus on its premium projects and expand on its own in India following its separation from local partner MGF Developments Ltd.

Edelweiss real estate arm to sell office space in Parinee’s south Mumbai project

The 8 lakh sq. ft. luxury housing project is being converted into a 50-storey office building and renamed as ‘Parinee Eminence’.

Essar Group sells Mumbai office property to Canada’s Brookfield for $360m

Some of the tenants of Equinox Business Park include Tata Communications, Experian, Crompton Greaves and Lafarge.

India: Hiranandani to invest $538.3m in oil and gas business in diversification bid

Led by Darshan Hiranandani, H-Energy expects to start commercial operation of its first LNG terminal at Jaigarh in Maharashtra by October.

India: Oberoi Realty plans REIT listing of select commercial portfolio

Oberoi Realty Ltd expects to generate rental revenue of around Rs1,000 crore in the next three years.

Airports Authority of India to sell 5% of land assets beginning April

AAI could fetch about Rs17,000 crore through its land monetization exercise.