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Lodha Boosts Stake in Digital Infrastructure Assets with INR 307 Cr Buyout from Bain Capital

Real estate developer Lodha, formerly as Macrotech Developers, acquired Bain Capital's share in three joint digital infrastructure platforms for ₹307 crore to boost its logistics and industrial park revenue.

By Admin

  • 8th Nov 2024
  • 1162 Views
Alta Capital Acquires Over 2 Million Sq Ft in Prime Logistics Assets for INR 840 Cr

Alta Capital, an investment and asset management group, has bought 2.5 million sq ft of fully-leased logistics assets from IndoSpace for ₹840 crore (nearly $100 million). Indian logistics and storage insiders call this deal one of the year's biggest.

By Admin

  • 8th Nov 2024
  • 1154 Views
Hiranandani's Bold INR 12,500 Crore Vision - Redefining Luxury Living and Commercial Spaces in Mumbai

In the next two years, House of Hiranandani, led by Surendra Hiranandani, would invest approximately ₹12,500 crore to increase its development footprint by 10 million square feet in the Mumbai Metropolitan Region (MMR). This strategic expansion will include acquisitions and greenfield ventures.

By Admin

  • 3rd Nov 2024
  • 1156 Views
Runwal Realty Acquires Prime 4-Acre Land in Worli, Plans INR 8000 Crore Luxury Residential Project

Runwal Realty, a prominent real estate developer, acquired a 4-acre land parcel in Mumbai's Worli neighbourhood for ₹800 crore, including taxes and government levies. The developer plans to build a 1 million square foot luxury residential development, generating ₹8,000 crore in revenue.

By Admin

  • 27th Oct 2024
  • 1163 Views
MMRDA Confirms Development of THIRD MUMBAI - Maharashtra's Ambitious New Township Plan

The Maharashtra government has announced plans to build a "Third Mumbai," which will be led by the Mumbai Metropolitan Region Development Authority (MMRDA). This city will be built by the New Town Development Authority (NTDA) in the Raigad area, past the Mumbai Trans Harbour Link (MTHL) ...

By Admin

  • 20th Oct 2024
  • 1180 Views
Kotak Mahindra Bank to Acquire StanC's INR 4100 Crore Personal Loan Portfolio

Kotak Mahindra Bank would buy Standard Chartered Bank India's ₹4,100 crore personal loan portfolio. This transaction should be completed in three months, pending regulatory clearances and closing conditions. The loans purchased are conventional, easing the transfer for banks and clients.

By Admin

  • 19th Oct 2024
  • 1174 Views
6 Key Reasons Why Rising Land Costs and Delays Are Slowing Down Indian Real Estate Projects

High land prices and lengthy clearance delays are limiting Indian real estate project debuts. Land acquisition, regulatory difficulties, and legal issues are causing a supply-demand mismatch in Mumbai, Bengaluru, and Delhi-NCR.

By Admin

  • 4th Oct 2024
  • 1182 Views
Why and How is Uttarakhand Tightening Land Purchase Laws?

In reaction to outsiders buying property in Uttarakhand's mountains, the state has taken action. Many buyers have found ways to evade regulations allowing persons to buy up to 250 square meters of land for personal use in non-municipal areas.

By Admin

  • 29th Sep 2024
  • 1177 Views
Lodha Strengthens Digital Infrastructure Stake with INR 240 Crore Ivanhoe Buyout

Lodha Group, via Macrotech Developers, bought Ivanhoé Cambridge's share in three joint ventures for ₹239.56 crore. Lodha wants more control over its digital infrastructure investments to improve its annuity revenue.

By Admin

  • 20th Sep 2024
  • 1182 Views
Inorbit Malls Expands Footprint with INR 400 Crore Acquisition in Hubli, Karnataka

A K Raheja Corp. affiliate, Inorbit Malls (India), has paid approximately ₹400 crore to buy a retail property in Hubli, Karnataka, as a strategic foray into Tier-2 cities. The building, called Akshay Sky Mall, has a gross built-up area of around 650,000 square feet.

By Admin

  • 20th Sep 2024
  • 1197 Views
Birla Estates Buys Prime Kalwa Land Near Thane-Belapur Road

Indian Proptech Portal GHAR reports that Birla Estates, the Aditya Birla Group's real estate subsidiary, has made a major move in Mumbai. For ₹537.42 crore, the business bought a 24.5-acre block of land in the Mumbai Metropolitan Region (MMR) in Kalwa on the Thane-Belapur Road.

By Admin

  • 15th Sep 2024
  • 1178 Views
Prestige Estates Plans Debt Reduction and Aggressive Expansion with QIP Funds

Prestige Estates Projects, a prominent real estate developer, disclosed its intention to allocate the ₹5,000 crore it raised through a Qualified Institutional Placement (QIP) earlier this month.

By Admin

  • 15th Sep 2024
  • 1177 Views
Worli Land Dispute Settled Between Birla & Wadia as Century Textiles Acquires Prime 10-Acre Parcel for INR 1100 Crore

Nusli Wadia, Chairman of the Wadia Group, and the Aditya Birla Group have settled their lengthy legal dispute. Aditya Birla Group subsidiary Century Textiles and Industries bought a 10-acre leasehold property tract in Worli, Mumbai, from the Wadia family for ₹1,100 crore.

By Admin

  • 11th Sep 2024
  • 1198 Views
Sumitomo Acquires Prime 2 Acre Worli Land from Bombay Dyeing for INR 440 Crore Strengthening Its Presence in Indian Real Estate

Japan’s Sumitomo Corporation Group has made a major move in Mumbai’s real estate market by acquiring a nearly 2-acre prime land parcel in Worli from the Wadia Group’s Bombay Dyeing & Manufacturing Company for ₹440 crore. This deal further solidifies Sumitomo’s presence Indian real estate.

By Admin

  • 11th Sep 2024
  • 1208 Views
Singapore Real Estate Fund CapitaLand to Double India Investments to USD 11.3 Billion by 2028, Expands into Renewables and Private Credit

CapitaLand, Singapore's largest real estate manager, plans to quadruple its India FUM to SGD 14.8 billion (USD 11.3 billion) by 2028. This aggressive action supports its worldwide aim of SGD 200 billion (USD 153 billion) FUM in the same term.

By Admin

  • 11th Sep 2024
  • 1176 Views
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