Private equity giant Blackstone and Bengaluru developer Embassy Group will sell an office park they own in Bengaluru to a real estate investment trust they have jointly sponsored for Rs 9,782.4 crore ($1.3 billion). — VCCircle Khaitan & Co advised Embassy Office Ventures , led by a team of part...

Embassy Office Parks, which recently launched India’s first real estate investment trust (REIT), Friday said it will raise Rs 3,000 crore through the allotment of debentures on a private placement basis. — Businesstoday Entities in the Blackstone group have invested an amount of approximately INR 68...

“Under commercial platform, GPL has bought 20% stake in a company to develop a commercial project with Godrej Fund Management under its commercial platform in Hebbal, Bengaluru, Karnataka. The project offers 0.67 million sq-ft of leasable area. The company’s economic interest is 20% equity in projec...

The transaction involved sale of 100% shareholding held by the majority shareholder, Orbis Real Estate Fund I and other individual shareholders in Watermarke Estates Private Limited. Tatva Legal Hyderabad advised Watermarke Estates Private Limited and Orbis Real Estate Fund I led by a team of partne...

Emerald Haven Realty Limited (EHRL), part of the $8.5 billion TVS Group and housing arm of TVS Motor, has roped in Asian property company Keppel Land Limited (Keppel Land) to develop a housing project in South Chennai. — Business Standard The green field joint venture between Emerald Haven Realty Li...

In line with its strategy to invest in Indian real estate, American private equity major Blackstone has struck agreed to buy nearly 0.7 million sqft of office space in One BKC from the city-based developer Radius, for a reported Rs 2,500 crore, making it the largest deal in the country’s office spac...

The government’s Rs 12,500 crore Alternate Investment Fund (AIF), which offers last-mile funding to stuck housing projects, has disbursed funds to two housing projects and expects to fully deploy its money in two years. Arun Mehta, MD SBI Capital Markets and Chairman, SBICAP Ventures, told ET in an ...

KEPPEL Corp’s wholly-owned subsidiary Lipalton has completed its investment into Kapstone Constructions, and now holds 49 per cent of the latter’s total voting rights. Kapstone is Lipalton’s joint venture (JV) with Indian developer Rustomjee Group, to develop the 51.4 hectare Urbania integrated town...

BENGALURU: Commercial office space developer RMZ is selling a large part of its operational portfolio to Brookfield Asset Management for $2 billion to reduce debt. It’s one of the biggest deals in the Indian real estate market. RMZ’s co-working business, CoWrks, will also go to Brookfield. The comme...

Prozone Group and its affiliates acquired a 50% stake in a real estate project being developed at Oshiwara, Andheri, Mumbai, by the Paradigm Group, a renowned real estate group based in Mumbai. The project is a redevelopment project governed by Slum Rehabilitation Authority (“SRA”), Mumbai. The tran...

RMZ Corp and Japan’s Mitsui Fudosan have entered into a joint venture of up to $1 billion to set up commercial office spaces in Bengaluru, Mumbai and Delhi. This is the Japanese company’s maiden investment in the Indian real estate market. — The Times of India Mitsui Fudosan (Asia) Pte Ltd acquired ...

In one of India’s biggest transactions to help build a property investment platform, private equity major Warburg Pincus has entered into a $1-billion alliance with developer Runwal Group to fund retail-led mixed-use projects across the country. ET was the first to report on the platform’s establish...

City-based realty player Lodha Group has partnered with Warburg Pincus-backed logistics developer e-Shang Redwood (ESR) to develop an industrial park in Thane district at a cost of USD 100 million. The 50:50 joint venture between the two companies will develop 89 acres of land parcel in an industria...

Japanese conglomerate Marubeni Corporation has agreed to invest in a residential project of Mumbai-based developer Wadhwa Group, marking its maiden deal in India’s real estate sector. Tokkyo-based Marubeni said in a statement it is investing in the Atmosphere housing project via non-convertible debe...

Xander Investment Management, the private equity real estate arm of global investment firm The Xander Group has acquired 100% interest in Weikfield IT Citi Info Park in Pune’s Viman Nagar for $130 million or Rs 900 crore. The 1.1 million-sq-ft commercial office park is leased to diversified tenants ...

New Delhi: Realty firm Indiabulls Real Estate Ltd has agreed to sell commercial projects in Mumbai and Gurugram to global investment firm Blackstone for an enterprise value of ₹810.7 crore. — Mint J Sagar Associates advised Indiabulls Real Estate Limited led by a team of partners Lalit Kumar and Bha...

Virtuous Retail South Asia Pte. Ltd (VRSA), the retail development arm of investment firm The Xander Group Inc., has acquired the Trilium shopping mall portfolio from Tata Realty and Infrastructure Ltd (TRIL) for $100 million. — Mint AZB & Partners advised Tata Realty and Infrastructure Limited...

In the largest single commercial property transaction, global insurance and asset management major the Allianz Group’s joint venture entity with Shapoorji Pallonji Group has acquired nearly 2.5 million sq ft IT SEZ property Waverock in Hyderabad for around Rs 1,800 crore, said two persons with direc...

Realty developer Tata Realty & Infrastructure Ltd (TRIL) has exited two of its non-strategic assets, retail malls in Nagpur and Amritsar. The Tata Group company has sold these malls to private equity firm Xander Group’ retail arm Virtuous Retail for around Rs 700 crore, said two persons familia...

Bangalore developer Prestige bought a 50% equity stake in Bamboo Hotel and Global Centre (Delhi) Private Limited. Realty firm Prestige Estates Projects Ltd has tied up with Mumbai-based DB Group for a mixed-development project comprising a large hotel and convention centre in Delhi at a total invest...