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Blackstone, along with southern developer Salarpuria Sattva, is set to acquire Coffee Day founder V G Siddhartha’s real estate venture Tanglin Developments, which owns a technology park in Bengaluru, for about Rs 2,800 crore.

TVS Emerald Housing, the real estate arm of TVS group, has bought a 6.5 acre land parcel in Chennai’s IT corridor for Rs 150 crore from SNP Infrastructure. The land was bought at Rs 20 crore per acre, in line with the market rate. The company will develop a residential project on this land.

Realty firm Supertech is in talks to sells its office complex in Noida for around Rs 1,000 crore as it aims to cut debt significantly and save interest cost. The company has developed a 9 lakh sq ft office building in its 17.5 acre mixed-use project ‘Supernova‘.

Kotak Realty Fund, a unit of Kotak Investment Advisors, is looking to acquire stressed loans with underlying real estate, with an aim to turn them around. This is at a time when the sector is passing through one of the worst phases of liquidity crunch.

Saudi Arabia wants India to open up its real estate sector to foreign ownership, which will lead to investments of hundreds of millions of dollars in residential and commercial properties. It also wants India to change laws to allow Saudis to own agricultural land to help enhance food security while reducing excessive dependence on oil. […]

Realty major DLF  would sell shares to institutional investors to raise about Rs 3,000 crore when market conditions are conducive. The company plans to issue up to 17.3 crore shares through qualified institutional placement (QIP) to raise funds, as part of its objective to become a debt-free company. Its current debt stood at Rs 7,224 […]

Real estate firm RMZ Corp is looking to acquire assets across major cities in the country to expand its commercial portfolio. In the recent transaction, the firm has acquired the development right to build 1.7 million sq ft of commercial space from a Hyderabad-based cement manufacturer in Hyderabad.

Ajay Piramal-led Piramal Enterprises and Ivanhoé Cambridge, a real estate subsidiary of Canadian investor CDPQ (Caisse de Dépôt et Placement du Québec), have invested Rs 500 crore in a residential project, Palava City, being developed by Lodha Developers on the outskirts of Mumbai.

Godrej Properties, the real estate development arm of Godrej Group, has set up an equity investment platform in partnership with a Pune-based developer to develop six projects across the city. This portfolio comprises various asset classes including group housing projects, plotted development, mixed-use development and township projects.