Home sales, particularly new launches, experienced growth between January and March, spurred by developer discounts. Bangalore and Mumbai saw improved sales.
Merrill Lynch Capital Markets increases its stake in Ansal Properties to nearly 6% by acquiring 1.03% through the secondary market, amid significant investment plans.
NRIs invest in Indian property for retirement, semi-retirement, or as a lucrative investment, as developers and financiers cater to this growing interest.
India's real estate sector, driven by internal consumption, experiences 30-40% growth, attracting global investments, despite concerns of an unsustainable bubble forming.
Citigroup, Merrill Lynch, and DE Shaw are set to invest $500 million in DLF Assets' REIT, which will now be a private trust following a change in plans due to market conditions.
DLF Limited may delay its Singapore IPO for a real estate investment trust, likely opting for a $500 million private placement instead, due to market volatility.
Eldeco Group seeks $200-250 million from private equity investors for projects in Punjab and Maharashtra after abandoning merger and capital market fundraising plans.