Arshiya announced that the company had previously informed about the completion of the transaction for the monetisation of 6 warehouses located at the Free Trade and Warehousing Zone, Panvel, near New Mumbai (Arshiya FTWZ) with Ascendas Property Fund (India) (APFI). — Business Standard The deal envi...

Oberoi Realty Ltd on Friday said it has bought around 60 acres of land in Thane, Maharashtra from GlaxoSmithKline Pharmaceuticals for nearly Rs 890 crore. In a regulatory filing, the Mumbai-based developer said “the company has successfully concluded the transaction with GlaxoSmithKline Pharmaceutic...

Property fund Ascendas India Trust has agreed to buy IT-focused special economic zone BlueRidge phase III with total leasable space of 1.8 million sq ft in Pune’s Hinjewadi area. Initially and during the construction period, a-iTrust’s investment will be through debt to be used towards repayment of ...

Real estate focussed private equity fund ASK Property Investment Advisors (ASK PIA) has infused Rs 350 crore into two Pune-based developers, Paranjape Schemes and Naiknavare Group, who would use the fund for budget and affordable housing in different parts of the city… “ASK PIA has committed Rs 350 ...

An affiliate of global private equity firm Warburg Pincus Llc and Mumbai-based developer Runwal Group have formed a joint venture (JV) to create a shopping mall platform. — Mint Khaitan & Co advised Runwal Developers led by a team of partner Haigreve Khaitan , partner Deepak Jodhani , principal...

Issuance of Non- Convertible debentures by Coventry Properties Private Limited to funds managed by Motilal Oswal Real Estate Investment Advisors II Private Limited. The Non-Convertible debenture were issued to fund a real estate project in Sewree, Mumbai. ELP advised Coventry Properties Private Limi...

Abu Dhabi Investment Authority (ADIA)-backed Lake Shore India Advisory has bought majority stake in a retail mall project in Hyderabad from Phoenix Group for about Rs 1,000 crore, inclusive of construction funding, said people aware of the matter. The fund has bought a 6.5 acre parcel in Hyderabad w...

GMR Group-controlled Delhi International Airport Ltd (DIAL) has awarded 9 lakh sq.m of land at Aerocity in the capital to Bharti Realty for development, the company said in a statement on Wednesday. — Mint AZB & Partners advised Bharti Realty Limited led by a team of partners Hardeep Sachdeva a...

Kotak Realty Fund has formed a partnership with Bengaluru-based DivyaSree Developers to start a $400 million fund that will develop and acquire commercial office assets across India. The India Office Assets Fund I is anchored by a unit of sovereign wealth fund Abu Dhabi Investment Authority (ADIA). ...

Reliance Industries Thursday said it has leased 4,000 acres of land from Navi Mumbai SEZ (NMSEZ) for an initial payment of Rs 2,180 crore to develop a global economic hub. NMSEZ, as part of a tender process was allotted this land in 2006 to develop a world class SEZ. — The Economic Times AZB & ...

Chennai-based real estate developer Casagrand Builder Pvt. Ltd has agreed to sell 2.2 million sq. ft of pre-leased warehousing assets of its subsidiary, Casa Grande Distripark Pvt. Ltd (CGD), to Asia Pacific logistics property specialist LOGOS, both the companies said on Monday. — Mint AZB & Pa...

“After forming a commercial properties platform with Indiabulls Real Estate, US-based private equity major Blackstone Group has acquired the realty developer’s Chennai commercial asset One Indiabulls Park for around Rs 900 crore on outright basis, said two persons with direct information of the deve...

“Raj Kapoor’s RK Studios in Chembur, an eastern suburb of Mumbai, has slipped into history. The 2.2-acre iconic landmark has been sold to Godrej Properties, the Godrej group’s real estate company. Although neither party is willing to put a figure to the deal, the industry estimate is that the plot w...

Nitesh Estates, “through its wholly owned subsidiary Nitesh Indiranagar Retail Private Limited has signed Share Purchase Agreements with Abbey’s Realtors LLP a nominee of Ela Realty Private Limited, Group Entity - ABIL Group and sold its 100 percent holdings in step down Tier- II Subsidiary - Korega...

“Bulk tea producer McLeod Russel is selling three estates in Assam to city-based Luxmi Tea Company for an estimated value of around Rs 150.5 crore. In a notification to stock exchanges on Monday, McLeod Russel said, it has executed an agreement for sale of specified assets of Addabarie Tea Estate, M...

“Indiabulls sells 50% stake in office assets for Rs 464 cr to Blackstone: The company’s existing wholly-owned subsidiaries Ashkit Properties Ltd and Yashita Buildcon Ltd have become joint ventures,” reported Business Standard . Shardul Amarchand Mangaldas & Co advised Blackstone led by a team o...

“McLeod Russel to sell 8 tea estates to MK Shah Exports for ₹331 crore: McLeod Russel, world’s largest tea producer, has finalised sale of eight tea estates to MK Shah Exports Ltd for a consideration of nearly ₹331 crore, according to a stock market disclosure,” reported Hindu Business Line . Argus ...

“Singapore-based real estate asset manager Mapletree Investment Pte. Ltd is close to buying Chennai-based information technology park SP Infocity, jointly owned by Canada Pension Plan Investment Board (CPPIB) and Shapoorji Pallonji Investment Advisors, for around ?2,300-2,400 crore,” reported Mint ....

Amara Hotels sets up the Sheraton Grand Hotel & Spa in partnership with Marriott, according to CNN Traveller.

Assentio Legal advised Amara Hotels & Resorts.

2018-05-01

Deal value: INR 150 crores (approx. USD 20 million)

{incomplete}

The real estate arm of Japan’s Mitsubishi Corporation, DRI India Company Limited has entered into a definitive agreement to invest around Rs 180 crores ($25.5m) in Bengaluru-based Shriram Properties’ ongoing residential project in Chennai named Shriram Park 63, as reported by Mint and Business Stand...