Search Results for:Madhurima Nandy

Realty investor Hines India to sell 50% stake in commercial property asset

The sale of Hines’ share in the 800,000 sq. ft office tower may fetch around ₹700-800 crore.

India: Cerestra to raise $300m edu-infra fund, plans to launch infrastructure investment trust

Its first fund—Cerestra Edu-Infra Fund—was a domestic alternate investment fund (AIF) that raised around Rs1,000 crore and bought out income-generating assets in the education-infrastructure space.

India: Embassy-Blackstone  postpones filing for listing  of  REIT till June

Embassy Office Parks, the first to register a REIT with SEBI last year, has delayed its application for a listing till June, following uncertainty over including a key asset in the trust.

India: Realty funds face uphill task in raising, deploying capital for projects

NBFCs are aggressively lending to residential projects leading to downward pressure on rates, making it challenging for local PE funds.

Phoenix-CPPIB platform buys L&T’s Bengaluru land parcel for $98m

This is the first acquisition after CPPIB earlier this month said it has invested an additional Rs938 crore in Island Star, a platform it co-owns with Phoenix Mills.

India: TPG Capital-backed Shriram Properties targets to raise over $150m in IPO

Shriram Properties has four large investors at the company level—Walton Street Capital, Starwood Capital, Tata Capital and TPG Capital.

India: Real estate developers pull out all stops to reduce debt

Realty firms are raising equity capital, selling land, exiting long-term projects and non-core business.

Blackstone invests $123m in two Hyderabad office projects

India’s commercial real estate sector has been a saving grace with the residential sector witnessing a slowdown that has lasted for over four years now. Bengaluru and Hyderabad have led the office space leasing momentum.

Blackstone India real estate investment portfolio set to cross $5b mark

It is set to cross the $5 billion mark across different asset classes including office, shopping malls and residential.

Indiabulls sells Chennai township project to Ozone Group for $44m

This is in line with Mumbai-based firm Indiabulls’s strategy to exit Chennai.