Search Results for:Madhurima Nandy
At stake is Rs7,800 crore that Unitech owes to 16,300 home buyers across 61 projects.
Sikri joins Indospace soon after Canada Pension Plan Investment Board (CPPIB) made a significant commitment of over $1 billion towards IndoSpace’s assets earlier this year.
This is the second land parcel that BPTP has sold as part of its larger land monetisation strategy.
The new fund will see Amplus stepping away from its two earlier, equity-focused funds.
In August Nirmal raised Rs570 crore of debt financing from L&T Finance Holdings Ltd and signed a joint development agreement with L&T Realty Ltd for a residential project.
Thus far in 2017, more than $2 billion worth foreign investment deals in commercial real estate have been closed.
In April, Phoenix Mills and CPPIB announced the Canadian investor will invest $250 million in multiple tranches, to eventually own up to 49% in Island Star Mall Developers.
The property markets in focus will be Chennai and Bengaluru.
The capital infusion is critical for DLF, which has around Rs26,000 crore of debt.
The deal will help the Indian developer significantly reduce its debt.