Our periodic research reports, news briefings, blogs strive to provide analytical insights on the entire gamut of real estate asset classes including commercial, residential, structured investments and land.
Blackstone buys 49% stake in select Indiabulls projects for USD 650 million01 February 2018
Blackstone Group is buying 49% stake in Indiabulls Real Estate’s projects - One Indiabulls Centre and Indiabulls Finance Centre in Mumbai’s Lower Parel, The deal value is pegged at USD 600-650 million. The deal is in the final stages and is expected to be signed by March 31, 2018.
Nirmal Ventures enters into two DMA with Shapoorji Pallonji Real Estate01 February 2018
Nirmal Ventures has entered into two Development Management Agreements (DMA) with Shapoorji Pallonji Real Estate (SPRE) to develop two residential projects in Mulund in Mumbai. The projects are - Olympia and City of Joy with 3+ million sqft of development area and are expected to generate revenue of INR 5,000 Cr over the next 5-6 years.
GIC to pick up 40% stake in Prestige Exora Business Parks for INR 1,400 Cr01 February 2018
GIC of Singapore is likely to pick up 40% stake in Prestige Exora Business Parks in Bangalore. The business park is 5 million sqft development with JP Morgan, Cisco, Microsoft and Mylan as tenants. The deal value is pegged at INR 1,400 Cr.
Arshiya sold six of its warehouses to Ascendas Property Fund for INR 534 Cr01 February 2018
Arshiya Group has sold six of its warehouses to Ascendas Property Fund (India) for INR 534 Cr. The warehouses are located in ArshiyaFree Trade and Warehousing Zone (Arshiya FTWZ) in Panvel near Mumbai. There is also an additional development potential of 2.8 million sqft in Arshiya FTWZ and the same will also be sold to Ascendas India over the next 4-5 years.
Xander Group purchases commercial building in Bangalore for INR 350 Cr01 February 2018
Xander Group has bought the office block – Pinehurst at Embassy Golf Links Business Park in Bangalore from Sanjay Ghodawat Group. The Pinehurst block has an area of 250,000 sqft and is fully leased out to Fidelity India. The deal value is pegged at INR 350 Cr.
DLF-GIC to develop a residential project in Delhi on “Build & Sell” model01 February 2018
GIC and DLF is developing a high-rise residential project in Moti Nagar near Central Delhi. The project will have a saleable area of 7 million sqft. and will be DLF’s first residential project under the newly introduced “Build & Sell” model. The project will be built and sold in phases and the first lot of apartments will be delivered in the next 3-4 years.