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Real Estate

Injecting a major booster to the commercial real estate sector of the area, Visakhapatnam Urban Development Authority (Vuda) is all set to build an iconic tower as part of its 20- cre IT City project in Madhurawada area of port city. Tower will likely have a built-up area of about 5.5 lakh square feet with […]

Realty developer DB Realty is in advanced talks with Rustomjee Group to enter into a Development Management Agreement (DMA) to execute its residential project DB Crown spread over 7 acres in Mumbai’s Prabhadevi locality, said two persons familiar with the development. Agreement for the project with estimated revenue potential of Rs 5,000 crore will be […]

Chinese investment conglomerate Fosun Group is looking to acquire a strategic minority stake in realty developer Ahuja Constructions for around Rs.350 crore, said two persons familiar with the development. Fosun, which has been working on its plan to gain a toehold in India’s real estate for the last 18 months, is expected to make this […]

DLF, A real estate firm, has acquired 11.76 acre of land from the Haryana State Industrial and Infrastructure Development Corporation (HSIIDC) at Udyog Vihar in Gurugram for Rs.14.96 billion. After development, land will provide more than 2 million square feet commercial space. DLF will focus on selling ready-to-move-in flats worth Rs.150 billion over the next […]

Trump Organization (TO) has recently decided to launch its maiden commercial real estate project in the country this year, Executive Vice Chairman of Trump Organization,. Company is also keen on forming alliances for hospitality projects in India. Trump Organization, which entered into its first commercial office deal in India with private equity fund and developer […]

Shriram Properties, part of the diversified conglomerate Shriram Group, is vying South India for acquisition of stressed real estate assets. Company recently acquired 3 properties in Bengaluru – with 200-250 units in each. Company is open to an outright acquisition or a joint development or setting up of an SPV depending on the nature of […]

Sovereign investor GIC of Singapore has emerged frontrunner to buy a $200 million, or Rs. 1,400 crore, stake in the tenanted office space unit of leading southern developer Prestige Estates Projects. GIC is expected to pick up slightly over 40% ownership in the rent-yielding 5-million-sqft office portfolio that counts JP Morgan, Cisco, Microsoft and Mylan […]

In addition to their commercial leasing business engagement, Singapore sovereign wealth fund GICB and realty developer DLF are working on a high-rise residential project with saleable area of 7 million square feet near central Delhi. The project will be located in Moti Nagar area where DLF had bought two separate land parcels from DCM Shriram […]

one of Mumbai’s leading enterprising real estate companies, has entered into two Development Management Agreements with Shapoorji Pallonji Real Estate. This newly launched partnership aims at bringing world-class developments to the Mulund region with its residential projects – Olympia and City of Joy. These projects are expected to generate estimated revenue of INR 5000 crores. […]