Shree Cement incorporated two investments firms in Dubai

By Realty Quarter Bureau Shree Cements today informed that it has incorporated two step-down subsidiaries in Dubai International Financial Centre, which would act as investment companies for the group. Shree Global FZE, a wholly-owned subsidiary of the company in Jebel Ali Free Zone, Dubai, has incorporated Shree Enterprises Management and Shree International Holding. The two incorporated companies will act as investment companies for acquiring […]

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NIIF plans to invest $200 million in HDFC Capital promoting affordable housing

By Realty Quarter Bureau National Investment and Infrastructure Fund (NIIF), the government-sponsored domestic funding agency, is in talks with HDFC Capital to invest in a fund that will promote affordable housing. NIIF on Sunday had announced an infusion of $200 million, in two tranches, from Asian Infrastructure Investment Bank (AIIB) into a fund of funds (FoF) that would be managed by the […]

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New York based Brahma Corp wants to invest Rs 1,700crore in Gurugram commercials

By Realty Quarter Bureau FDI-funded realty firm Brahma group is entering commercial real estate space and will invest Rs 1,700 crore to develop an office-cum-retail project at Gurugram. New York-based Brahma group is an asset management company focusing on the Indian real estate sector. The company is developing over 200 acre township project at Panchkula in partnership with real estate major DLF. About 1,800 […]

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Piramal Capital & Housing Finance funds Rs.200crore to Appaswamy Group Chennai

By Realty Quarter Bureau Piramal Capital & Housing Finance, a subsidiary of Piramal Enterprises Limited, has sanctioned an approximately Rs 200 crores facility to the Appaswamy Group (Appaswamy), via a structured equity transaction, to enable the acquisition of 3.34 acres (nearly 60 grounds) of land in Kotturpuram, in the heart of Chennai. Appaswamy acquired this land parcel on River View Road, […]

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Blackstone Raises $9.4 Bn for Asia Realty and PE Funds

By Realty Quarter Bureau US private equity (PE) behemoth Blackstone Group Lp said it has raised $9.4 billion for two Asia-focused private equity funds, signaling the increasing focus of the global private equity industry on Asia. Blackstone closed its first Asia private equity fund at about $2.3 billion, while it separately raised $7.1 billion for its second regional “opportunistic” real […]

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Inditrade plans to foray into housing finance segment

By Realty Quarter Bureau Financial Services firm Inditrade Capital plans to foray into housing finance segment with focus on promoting affordable housing. “We have applied for licence. The applications (are filed) with the regulator National Housing Bank and we are awaiting approval,” Inditrade Group of Companies Chairman Sudip Bandyopadhyay said. Housing finance business will be operated through a separate subsidiary and aims to sanction Rs 40 crore […]

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Indiabulls PE to buy one million sq ft in Hyderabad for Rs 450crore

By Realty Quarter Bureau Indiabulls Private Equity would buy one million square ft in a Hyderabad IT park property for onward leasing to technology companies, marking one of the biggest pure-play investment purchases in commercial real-estate in the country. The multi-phase deal at Phoenix Trivium values the property owned by Hyderabad realtor Phoenix Group at Rs 450 crore, said two persons […]

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Dubai’s Relam Investment to invest USD 300 million in India

By Realty Quarter Bureau Dubai-based Relam Investment LLC has announced its entry into the Indian market, with an initial commitment to invest USD 300 million in the real estate and technology sectors, over the next five years Dubai-based Relam Investment LLC will make India its hub for investments in south-east Asian markets, its chairman and managing director, Sultan Ali Rashed […]

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SEBI amends norms for REITS & Infra Investment Trust

By Realty Quarter Bureau In order to make REITs and InvITs more attractive, markets regulator Sebi said that they will have to provide a mechanism for resolution of disputes with their shareholders and partners in the holding company. Sebi has also amended REITs (Real Estate Investment Trusts) and InvITs (Infrastructure Investment Trusts) regulations in order to facilitate the growth of such trusts. Sebi said: “Shareholders’ agreement […]

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ATS Group invest Rs. 2,000crore for affordable housing

By Realty Quarter Bureau  ATS Group, a National Capital Region (NCR)-based developer, plans to invest close to Rs 1,500- 2,000 crore for construction mid- income and affordable homes under a new entity ‘HomeKraft’. The fund will be raised from a mix of internal accruals, debt and private equity funds. “We are in advance talks with a major PE firm to […]

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