Lenders have issued a legal notice to Kingfisher Airlines, warning they will seize realty assets if loans are not repaid. The assets include their Mumbai office and a villa in Goa.
Mahanagar Telephone Nigam Limited (MTNL) plans to raise Rs.5000 Cr by divesting real estate assets in Delhi and Mumbai, enlisting global consultancy DTZ for support.
DLF, India's largest real estate company, plans to reinvest in Delhi's real estate market after selling its stake in Aman Resorts. This move aims to reduce debt and refocus on core business, with new projects expected within four months.
Blackstone Group LP is preparing to launch a new real estate fund targeting the Asian market, aiming to expand its commercial real estate presence in the region.
Exilion, a real estate firm, intends to purchase Nokia's headquarters in Espoo, Finland for approximately ₹1218 Crore, with Nokia leasing it back as part of cost-cutting.
Gammon India, grappling with financial losses and a substantial debt of Rs. 3200 Crore, is monetizing real estate assets due to high financing costs. The company looks to reduce debt.
UB Holdings in talks with Blackstone, KKR to sell commercial real estate for $123 million