Property / C'struction

Warburg, Runwal create $1-billion JV for realty play

May 21, 2019, 07:21 AM IST

An affiliate of Warburg Pincus and Runwal, will commit $200 million each in the form of equity and will also raise additional $600 million of debt to create a total corpus of $1 billion.

Piramal Realty FY'19 sales booking jumps nearly 4-fold to Rs 3,400 cr

May 17, 2019, 06:20 PM IST

Piramal Realty sold nearly 1,000 apartments in the last fiscal, with South Mumbai accounting for more than half of the total sales.

Piramal Realty aims to double its portfolio

May 16, 2019, 11:28 AM IST

Real estate subsidiary of Piramal Group is also open to roping in more foreign investors to support its growth, going forward.

DivyaSree and ADIA to develop commercial projects together

May 15, 2019, 12:47 PM IST

While ADIA will put $200 million in the dedicated commercial office development platforms in India, the balance will be put in by KIAL and DivyaSree Developers.

NBCC’s revised Jaypee bid put to vote

May 15, 2019, 07:34 AM IST

“Both home buyers and financial creditors will start voting on NBCC’s revised proposal on Thursday and the process will conclude on Sunday,” said one of the persons mentioned above.

Jaypee Infratech lenders decide to put NBCC’s revised bid on vote

May 14, 2019, 04:04 PM IST

Earlier, the creditors' panel did not allow vote on NBCC's bid citing lack of approvals from the government departments. NBCC has now got all the necessary approvals.

NBCC decides not to dilute conditions in revised offer for Jaypee Infratech

May 13, 2019, 09:51 PM IST

On Friday, lenders wrote to the NBCC seeking clarifications on certain relief and concessions put forward by the public sector firm in its resolution plan.

Avanta India takes 20,000 sq ft office space on lease in Delhi to open co-working centre

May 13, 2019, 12:34 PM IST

The new centre will have 280 seats, he said, adding that the company charges anywhere between Rs 15,000 to Rs 50,000 per seat depending on location.

Institutional investors switch focus to entity-level exposure

May 13, 2019, 06:53 AM IST

Private equity funds pumped in $3.3 billion in Indian realty via such transactions between 2017 and 2018.

JIL resolution faces stalemate over NBCC bid conditions

May 12, 2019, 05:34 PM IST

Lenders of JIL asked NBCC in its meeting on Friday to withdraw some of its clauses, including that of exemption from a tax liability.

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