Nariman Point Mumbai
Owner of retail chain D-Mart, Mr. Radhakishan Damani has bought an area of 37000 sq. ft. that covers 5 floors of a building for Rs.134.25 crore at the rate of Rs.36000 per sq. ft., the current market rate for office spaces in Nariman Point. Nariman Point is one of India’s premiere business buildings being ranked [...] Continue Reading »
The joint-venture company of US-based private equity (PE) company Blackstone and Pune-based property developer Panchshil Realty has recently acquired a major stake in Express Towers – located in Nariman Point in Mumbai – for approximately Rs 870 crore. The deal was finalized recently, after months of negotiations. Express Towers is an iconic building which is owned by The Indian [...] Continue Reading »
Air India has recently has recently opened up its entire headquarters at Nariman Point so that it could be used as restaurants as well as eating joints. This shall be considered by the airline which is currently debt-ridden to monetize all the assets it possesses. Within a three year period, plans are being made by [...] Continue Reading »
The two of the major private equity (PE) investors in India, Kohlberg Kravis Roberts (KKR & Co) and Blackstone Group LP are planning to increase their exposure in the country by changing their investment strategy. While Blackstone is doing a lot of real estate investments, KKR’s focus will be more on investing in stressed corporates. [...] Continue Reading »
Even big corporate entities finding it increasingly difficult to afford space in Mumbai. Cheaper property price in Mumbai suburbs driving MNCs and other corporate groups to the suburbs. The recent report by a real estate research firm shows that even big corporate entities are finding it increasingly difficult to rent or buy space in the [...] Continue Reading »
