Search Results for:Madhurima Nandy

Ascendas-Firstspace venture buys warehousing assets in Chennai for $120m

Besides Chennai, the joint venture is looking at Mumbai, NCR, Pune, Bengaluru and Ahmedabad, and aims to develop a portfolio of 15 million sq. ft.

Blackstone close to buying 50% stake in Indiabulls’ two office projects

In November, Indiabulls had said that it was selling a stake in two Gurugram office projects, but had not disclosed the investor’s name.

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 realty firms keen on partnership deals as times get tough

Collaboration among developers is the only way to survive in the current scenario, as the sector inches towards consolidation.

Altico Capital invests $79m in Bengaluru real estate projects

It has backed projects of Assetz Property Group and a plotted development project of Century Real Estate Holdings Pvt. Ltd.

India’s HNIs eye booming office space with entry of REITs, large funds

HNIs are not only buying office space in large commercial complexes directly from developers. They are also investing through fund houses, which buy rental assets, and are eyeing REITs that are expected to make such investments secure and yield better returns.

Clearwater-backed Altico injects $89m in Renaissance’s warehouse project

The project has a development potential of 20 million sq. ft of warehousing and industrial space.

Prestige Estates suspends plan to sell office asset stake to Singapore’s GIC

Prestige had signed a term sheet with GIC in February to sell a 40% stake in a clutch of office projects for about Rs 2,000 crore.

India: Piramal Group mulls partnering with PE funds to acquire NBFC assets

Piramal’s interest comes at a time when many listed NBFCs have lost significant market value on growing concerns around asset-liability mismatches.

Funding crunch in Indian realty may worsen in short term, says Xander’s Rohan Sikri

NBFCs slowing down will have a rippling effect on funding of projects. We are likely to see defaults and delays in repayments. Asset takeovers and workouts are imminent, so the industry should be prepared, he says.