Search Results for:Madhurima Nandy
Jointly the funds can invest or develop office assets worth over $1 billion in value.
Trump Tower on Kolkata’s EM Bypass is being developed by Unimark Group, RDB Group and Tribeca Developers, with 136 high-end residential units spread across two acres.
A deal would have given Blackstone, India’s top commercial property owner, a huge leg-up in residential properties in the country.
ESR aims to invest around $100 million annually and is looking to either buy or form joint ventures for land parcels of 50-150 acres each.
Besides Maia Estates, Mohandas Pai and Ranjan Pai have also backed Neev Asset Advisors, which invests in small residential projects.
Kotak had invested around Rs540 crore in 2015 from its $400 million offshore fund in the project.
Prestige recently signed a Rs2,500 crore residential joint venture agreement with HDFC Capital Advisors Ltd.
ICICI Prudential AMC is currently raising its first commercial office realty AIF to make fresh investments in pre-leased and finished office assets.
The project will eventually be transferred to DLF’s rental arm DLF Cyber City Developers Ltd and its joint venture partner GIC Pte Ltd.
The deal marks Apollo Global’s first exit from a real estate project since it started investing in the sector on its own in 2016.