Texas Pacific Group Capital acquires 15% stake in Shriram Properties for INR 450 crore, valuing the firm at over INR 2,700 crore.
Brand Capital has appointed Knight Frank India to oversee its INR5 billion real estate portfolio, marking a significant first for corporate asset management.
Shriram Properties and Career Launcher will open 25 Indus World Schools in townships across Bangalore, Chennai, Kolkata, and Visakhapatnam by 2010.
Mahindra Lifespaces plans to enter the affordable housing sector within a year, targeting middle-income groups amidst a growing housing shortage in India.
Shriram Properties plans to establish two subsidiaries for retail and hospitality, aiming to develop 15 malls and 70-80 budget hotels in the coming years.