India: Shubham Housing secures $48m funding from PremjiInvest, Helion, Elevar

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This round also saw the exit of Accion’s Frontier Investment Group and Saama Capital.

India: Former JLL exec Shobhit Agarwal floats realty investment banking firm

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Agarwal’s exit from JLL is the second exit of a key executive after Santhosh Kumar, former CEO-operations left the firm to join Anarock Property Consultants.


India: IIFL arm to raise $500m for maiden offshore affordable housing fund

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It is raising a similar $500 million fund from domestic investors. IIFL Asset Management, an arm of IIFL Investment Managers, expects to close its domestic fund by the end of the financial year.


India: Singapore’s GIC, NY-based Tishman to sell Hyderabad property for $313m

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The office property, WaveRock, is an equal joint venture between GIC and Tishman Speyer, spread over 2.5 million sq. ft in the Gachibowli financial district of Hyderabad.


Sale of seven hotels in Thailand expected to mop up $388m in total

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The portfolio for sale consists of four hotels in Phuket and one each in Bangkok, Hua Hin and Koh Samui, with an indicative price of $230,000 per key.


Malaysia’s PNB, EPF to acquire London’s Battersea building for $2.2b

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Both PNB and EPF, directly and indirectly, already own 70% of the Battersea Power Station project.


Dalian Wanda nears sale of Australian luxury property projects

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The sale would be part of a wave of disposals Wanda has signed in recent months to raise money.


India: Blackstone picks up majority stake in Forum Group mall for $39m

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Forum Group is also in talks with Blackstone to sell stake in more of its retail projects.


India: Nifco to raise $75m offshore capital for residential projects

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This will be invested alongside Rs150 crore of domestic money, across multiple projects this year.


ASK Group firm deploys $23.4m in two real estate projects in Pune

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The projects are expected to together generate revenues of around Rs 1,000 crore.