pension funds
The Dutch pension fund now holds around 13% stake in mid-market hotel chain Lemon Tree. This deal has pegged the valuation of the hotel at approximately Rs 3,000 crore. With the help of this capital infusion LemonTree aims to have close to 8000 owned and managed rooms by 2017. Earlier the hotel company signed a [...] Continue Reading »
Considering the housing shortage in the country, a big boost to ‘rental housing’ concept is the need of the hour. The same can be promoted in several ways. CREDAI is expecting three major things from budget. Their demands include a flat 10 percent tax on income from renting of properties and services of property management [...] Continue Reading »
US-based hedge Capri Capital Partners plans to raise about $400 million to launch its first India-dedicated real estate private equity fund. Capri Capital has $3.7 billion assets under management and advises pension funds and institutional investors globally. The firm is looking to raise the fund through its India arm, Capri Global Capital, after the upcoming general [...] Continue Reading »
