Global investment giant Blackstone Group is poised to acquire Kolkata’s South City Mall in a record ₹3,480 crore ($400 million) deal, marking eastern India’s largest mall transaction and signaling heightened investor interest in Kolkata’s retail real estate market. The acquisition will expand Blackstone-led Nexus Select Trust’s portfolio, reflecting confidence in India’s commercial property...
Godrej Properties has acquired Ceear Life Spaces (CLPL) making it a wholly owned subsidiary. The acquisition aims to develop land in Thane. Operations are affected by COVID-19.
Blackstone is in final talks to acquire Bangalore's Vrindavan Tech Village for Rs.900 crore. The IT park boasts major tenants like Cisco and Nokia, with Blackstone aiming to capitalize on rental income.
Blue Mountain Real Estate Advisors bids nearly £750m for 42 Marriott hotels in Britain. The deal involves RBS, the primary debt holder, granting exclusivity to the Indian firm.
India's revised Direct Tax Code (DTC), effective 2011, simplifies income tax laws, impacting real estate. Key changes include taxing actual rental income and retaining home loan interest deductions up to ₹1.5 lakhs.
Sarda Group acquires facility management brand Talbot & Company, venturing into real estate management. Expansion plans include increasing manpower to 1,000 and achieving Rs 300 crore turnover.
Indiabulls Real Estate gets High Court approval to acquire 100% of Dev Development Property for $270 million.
HCC restructures by forming subsidiaries for real estate and infrastructure, aiming for distinct identities to tap into high-growth sectors effectively.
Country Club Ltd. is set to acquire hotel properties in Dubai and Bangkok, with plans to finance through local banks and after recent successful fund mobilization.