LIC Housing Finance has successfully closed Rs 250 crore for its first real estate private equity fund, targeting Rs 500 crore total investment.
Texas Pacific Group Capital acquires 15% stake in Shriram Properties for INR 450 crore, valuing the firm at over INR 2,700 crore.
DLF to Sell IT Parks, Hotel Business to Reduce Debt by 7,000 Crore
Ambuja Realty is expanding into real estate, hospitality, life care, and education despite the economic slowdown. The company has invested ₹1200 crore in projects since its inception.
Maharashtra's government relaxes property regulations for IT parks, allowing a larger financial services footprint to boost Mumbai's commercial realty market.
Millennium Spire Ltd (MSL) plans to invest $200 million in Indian real estate, focusing on mixed-use complexes, IT parks, and residential/commercial projects in NCR and Coimbatore.
Ansal API and Raheja Developers are investing substantially in SEZ projects to revive a sluggish real estate market, with ambitious plans across multiple states.
Red Fort Capital in talks with 6 developers for Rs 4,000 crore projects across India
Office rentals in Gurgaon declined by 8% in Q2 2008 due to increased supply and reduced demand. The report highlights preferred locations like MG Road, Golf Course Road, and DLF Cyber City. Noida remains an attractive option for IT/ITeS companies.
State-owned pharmaceutical companies are shifting focus to real estate development, leveraging their land holdings to build commercial complexes and IT parks. This move aims to generate revenue and meet social objectives without government assistance.
Emaar MGF Land Ltd launches Boulder Hills Golf & Country Club, a Rs 5,610-crore integrated leisure and residential community in Hyderabad, featuring residential, commercial, retail, IT parks, and hotels.
BCCL invests ₹60 crore in Mantri Realty for new projects and infrastructure expansion, including a ₹2,400 crore power plant near Nagpur.
Unitech, Indiabulls, and DLF postpone REIT listings on SGX due to market conditions, opting for private placements and domestic funding.