It will invest $250 million in high-quality assets over the next 12 months.
The move follows the Reserve Bank of India rejecting the Lakshmi Vilas Bank-Indiabulls Housing Finance merger plan,
Indiabulls has sold the stake in existing joint venture companies Yashita Buildcon Ltd and Ashkit Properties Ltd.
As of March, Blackstone had committed around $5.4 billion in real estate assets in India, of which $4 billion is in office assets alone.
IPOs & Markets
Birla Estates is planning to launch its maiden project in Bengaluru’s popular IT corridor Whitefield.
The Silicon Valley start-up entered India in 2018 after acquiring KEF Infrastructure. It has invested close to $250 million in the country so far.
WeWork, is expected to go for an initial public offering (IPO) this month, and raise $3-4 billion.
Embassy ventured into building co-working spaces with We Co., the American firm that operates under the WeWork brand.
Though the office market is small, making up 12-15% of the overall property market, it is one of the fastest growing segments, compelling investors to
Since its entry in India in 2016 through a partnership with Bengaluru-based real estate firm Embassy Group, WeWork has been aggressively expanding its
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