Tag: REIT

Brookfield may merge its commercial properties into REIT to offer Initial Public Offering.

December 20, 2019

According to sources, In order to move into an initial public offering (IPO) to raise over a billion dollars (more than 7,000 crores in the current rates), Brookfield Asset Management could merge its commercial properties into a real estate investment trust (REIT). Brookfield’s Indian properties, which are 15-20 million square feet of commercial property, are […]

Brookfield may merge its commercial properties into REIT to offer Initial Public Offering.more

Prestige Group acquires a joint venture deal for a Commercial property located in Bandra, Mumbai.

November 19, 2019

Prestige Group, the real estate company, has purchased 28.99% stake in the commercial development of a DB Realty project. This Commercial property is located in Mumbai’s Bandra area which is having over 7 lakh sq ft development potential and priced at approximately Rs 2,100 crore. The joint venture will develop a project for mixed uses, […]

Prestige Group acquires a joint venture deal for a Commercial property located in Bandra, Mumbai.more

Hiranandani will invest Rs 1,000 crore at Chennai’s industrial park.

September 13, 2019

By Abhay Shah, Realty Quarter Hiranandani Group, a real estate company, is going to invest about Rs 1,000 crore to construct a 115-acre industrial and logistics park and is setting up a wind turbine manufacturing unit for Vestas. At Oragadam, Chennai, Hiranandani Group Company Green Base will create a wind turbine park and warehouse set-up for […]

Hiranandani will invest Rs 1,000 crore at Chennai’s industrial park.more

Blackstone group and K Raheja Corp are set to make its commercial portfolio public through the listing of a REIT.

September 10, 2019

By Abhay Shah, Realty Quarter American private equity major Blackstone Group along with K Raheja Corp builder are expected to pull their jointly owned 20 million sq ft commercial portfolio to the public by March, by listing of Real Estate Investment Trust (REIT), said two individuals with direct knowledge of the development. It’s the second […]

Blackstone group and K Raheja Corp are set to make its commercial portfolio public through the listing of a REIT.more

Private Equity giant Blackstone is set to deal with Indiabulls Real Estate commercial properties for Rs 4,800cr.

August 5, 2019

By Abhay Shah, Realty Quarter Blackstone Group, a private equity giant based in the USA, will purchase the remaining 50% share in commercial properties of Indiabulls Real Estate for about Rs 4,800 crore three people with direct knowledge of the development said. The deal is fixed as one of the biggest transactions in the country’s real estate portfolio. […]

Private Equity giant Blackstone is set to deal with Indiabulls Real Estate commercial properties for Rs 4,800cr.more

Piramal Real Estate Fund aims for an extension of one year.

July 29, 2019

By Abhay Shah, Realty Quarter The real estate investment trust (REIT) created by Piramal Fund Management said its tenure will be extended by one year, delaying exits, due to six projects worth about Rs 562 crore getting stuck. Scheme V of the Indiareit fund started in 2013 with a primary term of six-years, which can be extended […]

Piramal Real Estate Fund aims for an extension of one year.more

The launch of Model Tenancy Act can uplift the rental housing.

July 19, 2019

By Abhay Shah, Realty Quarter A draft of ‘Model Tenancy Act, 2019’ has been published for consultation by the Union Housing and Urban Affairs Ministry. Swapan Dutta, director (east) of property consultant Knight Frank said in response to the development, “It’s a move in the correct direction as rents or residential lease should turn into an important […]

The launch of Model Tenancy Act can uplift the rental housing.more

Realty companies choose primary market as their main source for raising capital.

July 9, 2019

By Abhay Shah, Realty Quarter In the first half of 2019, property developers in India raised more money from primary markets than they rose in a decade. As from June, Prime Database reported that developers raised approximately Rs 10,023 crore from the primary markets via two qualified institutional placements (QIPs) and a real estate investment trust (REIT) […]

Realty companies choose primary market as their main source for raising capital.more

With Rs.5,000 crore, Sunteck Realty intends to raise the commercial portfolio.

June 28, 2019

By Abhay Shah, Realty Quarter Realty Developer Sunteck Realty plans to spend as much as Rs.5,000 crore to build its portfolio, including offices and retail growth, in the next 3-4 years, says a top company official. Around Rs.2,000 crore will be used to develop retail as well as commer#cial realty projects which will be transmitted of over 3 million […]

With Rs.5,000 crore, Sunteck Realty intends to raise the commercial portfolio.more

Union Budget, 5th July 2019 – Expectations Note

June 27, 2019

The Central Bank and government have taken meaningful measures to alleviate the stress in the real estate sector by executing three successive repo rate cuts and rationalising the Goods and Services Tax (GST) regime. Now is the time to look further and focus on more specific issues. Following are a series of expectations from the […]

Union Budget, 5th July 2019 – Expectations Notemore

Tag: REIT

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