Embassy Property Developments
Industry experts believe that the global investors may initially focus at major metros than investing in high-risk Tier 2 and 3 cities. It is expected that the government’s move to reduce capitalisation limit to $5 million is likely to attract FDI in the real estate sector. The international players are reluctant to enter the markets, [...] Continue Reading »
Global investor Blackstone is all set for a probably maiden profit from the Indian real estate market, riding on luxurious apartment sale in Bangalore. Blackstone is to exit the joint venture with southern developer, Embassy Property Developments, building 467 residential units, collecting more than Rs 210 crore, said some sources. According to sources, in just [...] Continue Reading »
Embassy property developments, a Bangalore based real estate company, is in talks with JP Morgan, a financial service group, to raise Rs 500 crore for two projects in the city. Embassy Group is planning to come up with a premium villa project and an IT-cum-residential development on Bellary Road. Recently, Embassy group had settled India’s [...] Continue Reading »
India’s biggest commercial real estate acquisition was grasped by US private firm Blackstone, with a 50% stake in Bangalore builder-owned three business parks for over Rs 1,000 crore ($200 million). Blackstone beats the Citi Group’s acquisition of a Mumbai office building for Rs 985 crore, which was bigger than the Maple Tree’s acquisition of Assetz [...] Continue Reading »
Blackstone Group, US-based private equity major, is set to acquire 36% ownership in the tenanted office space group of Embassy Property Developments, for about $230 million (Rs 1,300 crore). The deal is expected to be Blackstone’s biggest real estate deal in India, giving it part ownership of more than 12 million sq. ft. The Blackstone [...] Continue Reading »
