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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.
- 13th Nov 2024
- 1149 Views
Over 350 million square feet of developed commercial office space will propel India's SM REITs market to $60 billion by 2026. This regulation increases openness, investor protection, and engagement. Union Budget tax revisions and SEBI framework boost real estate securitisation.
- 8th Sep 2024
- 1164 Views
A senior official at Bhive Workspaces, a top provider of managed office spaces, has announced plans for an IPO valued over ₹800 crore in the coming year. Before the IPO, Bhive wants to diversify its portfolio by lowering its 95% reliance on Bengaluru.
- 9th Aug 2024
- 1226 Views
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.
- 20th Jul 2024
- 1254 Views
Puravankara Group's projects in important Indian areas have received Rs 500 crore from Piramal Enterprises. This financial infusion will concentrate on commercial and residential projects via senior secured finance, highlighting their growth potential.
- 14th Apr 2024
- 1288 Views
CapitaLand India Trust (CLINT), a major real estate investor, bought BlueRidge 3 Phase 1 in Pune's IT corridor. This purchase, worth INR 773 crore, in Hinjewadi, the IT centre, shows CLINT's dedication to creating innovative and growing commercial spaces.
- 3rd Mar 2024
- 1300 Views
The Prestige Group wants to develop 1 million square foot residential apartments in Pune in 2024. This enterprise might earn Rs 750–Rs 1,000 crore. Ahmed said the Bengaluru-based developer would launch 3 million square feet of property in Mumbai seeking Rs 15,000 crore in revenue next year.
- 20th Dec 2023
- 1422 Views
Brigade Group, headquartered in Bangalore, secured a JDA to build a premium Grade A office space on Sankey Road in Bengaluru's CBD
- 8th Dec 2023
- 1354 Views
High-value real estate investing is no longer exclusive to the wealthy. Prime property access is democratised by fractional ownership. A complete introduction to understanding and using this new investing concept in India.
- 4th Jun 2023
- 1199 Views
Nucleus Office Parks, the operational platform for Blackstone Group's fully-owned office parks, has leased approximately 7.50 lakh sq ft in commercial projects so far in 2022 across its pan-India portfolio, which is estimated to produce rental income of over INR 1,100 crore yearly.
- 23rd Sep 2022
- 1543 Views
According to industry sources, Singapore-based Ascendas India Trust is in advanced negotiations with L&T Realty for a forward purchase agreement to buy its real estate development arm's portfolio of prospective commercial projects.
- 9th Jul 2022
- 1585 Views
Global real estate investment fund Hines is looking to add 4 million square feet of commercial and residential space in its existing portfolio in India, after the Covid-19 pandemic accelerated the demand for premium development, a top executive told ET.
- 28th Sep 2021
- 1639 Views