Madhurima Nandy

India: Kotak Mahindra Bank extends $72m debt to realty developer Gaurs

The investment would be used by Gaurs Group to pace up the construction work at two of its projects in Greater Noida West.

Even smaller Indian developers eyeing REITs now: CBRE’s Anshuman Magazine

REIT provides an exit and brings in governance and transparency, he said.

Piramal Capital to look at new real estate deals April onwards: MD Khushru Jijina

The real estate sector, which has been struggling with weak demand and stagnant prices for years, has received another blow with the liquidity crisis at non-banking financial companies (NBFCs).

India: DLF forms JV with Hines for $275m Gurugram commercial project

Hines will initially own 33% equity share of the JV with an option to increase stake up to 49%. It has invested around Rs500 crore in the first tranche.

India: Kotak, DivyaSree float $400m fund to develop, acquire office assets

The $400 million India Office Assets Fund I is anchored by a subsidiary of UAE-based sovereign wealth fund Abu Dhabi Investment Authority (ADIA).

Indian realty firm Puravankara inks warehousing JV with Morgan Stanley fund

The JV comes close on the heels of the Morgan Stanley fund picking up a majority stake in Pune-based warehouse and logistics park developer KSH Infra Ltd for around ₹350 crore.

India: Piramal-Ivanhoe fund cuts first deal with $70m investment in Lodha township

In February 2017, PEL had announced a strategic co-investment fund with Ivanhoé Cambridge to provide long-term equity capital to select developers.

Singapore players ramp up investments, diversify India real estate portfolio

Singapore’s GIC, Temasek Holdings, Mapletree Investment and CapitaLand have invested across asset classes.

Singapore’s Ascendas-Singbridge to set up co-working spaces in India

In the last 20 years, Ascendas-Singbridge has built 16 million sq. ft of office assets across information technology (IT) parks in six cities in India.

Singapore’s Mapletree to invest in logistics assets in India

Mapletree has just concluded the acquisition of Chennai-based information technology park SP Infocity for around ₹2,400 crore, marking its return seven years after it had made its first and only investment in the country.