Search Results for:Madhurima Nandy

India: Jerry Rao-backed VBHC plans to raise $41m to tap mid-income housing

With low-cost homes not fetching enough margins and luxury homes not finding buyers, builders have found a sweet spot in mid-income housing.

India: Clearwater-backed realty NBFC Altico Capital to diversify into infra, education

Altico’s strategy to diversify its portfolio may also be a good way to de-risk its investments, which are heavily dependent on the real estate sector.

Co-working boom in India may trigger consolidation, wipe out smaller firms

Co-working spaces in India are becoming crowded with at least 350 operators vying for clients, leading to fears that a consolidation will lead to the shuttering of many companies.

Embassy Office Parks REIT to use $577m from proceeds to repay debt

Embassy Office Parks, co-sponsored by Blackstone and Jitu Virwani-promoted realty firm Embassy Group, currently has total debt of around ₹8,556 crore ($1.17 billion).

Apollo Global takes over as new fund manager of JPMorgan’s India realty funds

As part of the transaction, Apollo Global has inducted four people from JPMorgan’s India team. 

Realty veterans plan $100m early-stage fund to back Indian prop-tech startups

Anuj Puri, Yash Gupta along with CapitalM plan to launch a $100 million early-stage fund to invest in the proptech segment

HDFC plans special situations fund to invest in stressed realty projects

HDFC, which will be a sponsor to the fund, is in talks with investors to raise capital through the alternative investment fund (AIF) route.

Embassy revamps REIT portfolio ahead of listing

Embassy Office Parks is placing top commercial assets across India under a real estate investment trust (REIT) it is creating to raise $1 billion.

Piramal Capital plans to set up third-party REIT platform

Piramal Capital is also planning to aggregate non-real estate, rent-generating assets, across sectors such as road or logistics, under a platform and may list it through an infrastructure investment trust (InvIT). 

India’s new real estate funds eye stressed assets, affordable housing

Private equity inflows in real estate rose 15% year-on-year to $2.6 billion in the January-March quarter, eclipsing the first quarter of the past 11 years, said property consultancy Cushman and Wakefield.