Life insurance giants like LIC, HDFC Life, ICICI Life, and SBI Life are set to boost infrastructure investment via InvITs and REITs, following IRDAI's approval.
The public Housing Finance firm has acted against Orbit Corporation and Unitech for loan defaults, taking possession of properties and issuing notices for repayments.
Air India intends to lease Delhi real estate to government enterprises, favoring them over private companies. ONGC, LIC, and SIB have displayed interest in leasing the property.
LIC Housing Finance Limited aims to establish a residential real estate fund of Rs.1000 Cr via external commercial borrowings to enhance affordable housing.
Air India plans to monetize its real estate assets, including properties in Delhi, Mumbai, Chennai, London, and Tokyo, to address its financial challenges and raise around Rs. 5,500 crore over the next ten years.
Kolkata's real estate market witnesses a decline in developer interest as a prime 10-acre plot tender gets scrapped due to only one bidder.
LIC Housing Finance plans to launch a Rs 500 crore real estate fund by the end of this fiscal year. They are seeking a banking partner and will approach SEBI for approval.