Indian real estate developers prepare to issue asset-backed bonds utilizing rental income from offices and shopping malls.
Indian real estate market slump impacts London's AIM-listed property funds, with negative returns and decreased market capitalization for developers like Unitech and Hirco.
BPTP Group paid Rs 1000 crore to Noida authorities as first installment for its 95-acre project, utilizing internal accruals and past PE investments. The remaining Rs 250 crore will be paid soon. BPTP outbid DLF and Omaxe for the project, facing a tight deadline due to funding challenges in the current real estate market.
ICICI Venture to raise $3B from 2 funds, including $1.5B for real estate, targeting residential and commercial properties.