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HDFC Bank to Monetize Real Estate Assets Worth INR 3000 Crore

HDFC Bank, in a strategic move to streamline its portfolio, plans to sell key commercial and residential properties acquired from its 2023 merger with HDFC. Expected to generate around ₹3,000 crore, this divestment signals a shift towards core banking operations and digital growth.

By Admin

  • 13th Nov 2024
  • 1149 Views
RBI Imposes Stricter Deposit Rules for Housing Finance Companies

With new regulations, the RBI has changed how housing finance companies (HFCs) can raise and handle public deposits. New rules restrict HFCs from boosting public deposits for more than five years. The RBI has also lowered the deposit limit from three times to 1.5 times net owned funds.

By Admin

  • 21st Aug 2024
  • 1194 Views
French Pharma Sanofi India to Sell Headquarters in Mumbai, Powai

Sanofi, the Indian arm of the French pharmaceutical giant, is set to divest its Headquarters in Mumbai , a standalone building in the posh Powai locality. This building, spanning over 150,000 sq ft, currently houses the company’s country headquarters.

By Admin

  • 20th Jul 2024
  • 1227 Views
Brookfield to Acquire Controlling Stake in Leap Green for USD 550 Million, Plans to Expand Renewable Energy Platform

Canadian investment giant Brookfield Asset Management will pay $550 million (INR 4,594 crore) to purchase a majority interest in Tamil Nadu-based renewable energy platform Leap Green Energy. Commercial and industrial (C&I) users use this platform for renewable energy solutions.

By Admin

  • 20th Jul 2024
  • 1253 Views
ICICI Prudential AMC Acquires Office Tower in Kalpataru Infinia, Santacruz, Mumbai for INR 315 Cr

Ixora Properties, Kalpataru's affiliate, sold ICICI Prudential Asset Management Company a Santacruz commercial skyscraper for about INR 315 crore. The asset management firm will move inside Kalpataru Infinia's new facility.

By Admin

  • 3rd Jul 2024
  • 1223 Views
Understanding 8 Ways in Which Fractional Ownership Really Works

Fractional ownership of high-value properties is promising. It's difficult to own real estate with several stakeholders who have control. To reduce risks and maximise benefits, balance individual control with teamwork.

By Admin

  • 23rd Jun 2024
  • 1236 Views
Propshare Targets Rs 1000 Crore in Warehousing Assets as Indian Warehousing Sector Expands

PropShare, India's biggest commercial real estate digital platform, aims to grow its Asset Under Management (AUM) to over Rs 1,000 crore in storage assets. The warehouse market's current growth, reminiscent of the early 2000s office space bubble, prompts the business to buy assets across India.

By Admin

  • 10th Mar 2024
  • 1290 Views
2023 Witnessed Increased Capital Raising Through REITs and InvITs in India, 2024 Could go Higher

India's REIT and InvIT funding has increased significantly in recent years. The money generated via these channels increased tenfold in 2023, reaching ₹11,474 crore. SEBI's favourable policies and these instruments' enticing returns have driven this expansion.

By Admin

  • 15th Jan 2024
  • 1293 Views
Nuvama and Cushman & Wakefield Join Forces to Launch INR 3000 Cr Realty Fund

In an innovative move, Nuvama Asset Management, the alternative investment arm of Nuvama Wealth Management, and Cushman & Wakefield have formed a joint venture to raise a 3,000 crore commercial property fund.

By Admin

  • 11th Jan 2024
  • 1336 Views
BofA Strikes a Box Office Commercial Office Space Deal in Chennai - DLF Downtown Taramani

Bank of America (BofA) has acquired 1.1 million square feet of Chennai office space in a major move. This sale is BofA's biggest office space transaction of 2023 and one of its largest captive centres outside the US. The DLF Downtown, Taramani site is for the bank's Indian back office.

By Admin

  • 27th Dec 2023
  • 1566 Views
Axis AMC Has Leased Two floors at One Lodha Place in Worli

Axis Asset Management Company, the mutual fund investment unit of Axis Bank, has leased two floors of One Lodha Place, a Macrotech Developers-built commercial skyscraper in Lower Parel.

By Admin

  • 11th Jul 2023
  • 1536 Views
GIC and Brookfield India REIT Sign Agreement to Acquire Two Commercial Properties in Powai and Gurugram

Brookfield India Real Estate Investment Trust (REIT) and Singapore's sovereign wealth fund GIC have formed an equal partnership to acquire two large commercial properties totaling 6.5 million square feet from Brookfield Asset Management's private real estate funds.

By Admin

  • 21st May 2023
  • 1477 Views
In a First For a Mutual Fund Company, Mirae Asset Purchases Preleased Warehouse in Bhiwandi, Thane Near Mumbai

Mirae Asset, an asset management firm (AMC), bought a 10-acre income-producing warehouse in Bhiwandi, near Mumbai, to join the Indian logistics and industrial real estate industries. Mutual fund firms made their first such investment.

By Admin

  • 8th Jan 2023
  • 1709 Views
Ravi Ahuja is Engaged by Brigade Group of Bangalore as COO, Commercial Office Space

Ravi will oversee the commercial office division's sales, marketing, and strategic planning, and he will be accountable for increasing the company's income from asset management and improving its bottom line.

By Admin

  • 16th Sep 2022
  • 1423 Views
Strata, Commercial Real Estate Investment Tech Platform To Invest INR 35 crore in an Office Space in Hinjewadi, Pune.

The Asset Under Management (AUM) value of the properties that Strata maintains is around 700+ crore. These properties are located in places like as Bengaluru, Hosur, Hyderabad, Mumbai, Chennai, and Jaipur.

By Admin

  • 23rd Jul 2022
  • 1462 Views
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