Private Equity fund
Private equity fund BlackSoil Realty Fund–I has completed its maiden investment of Rs. 30 crore in real estate firm Sheth Developers through a mezzanine structure. Promoted by Shashi Kiran Shetty, Chairman and Managing Director of Allcargo Logistics, and Gnanesh Gala, Managing Director of Navneet Education, the fund has its focus on the Mumbai, Navi Mumbai [...] Continue Reading »
The government is working towards finalising the rules for governing real estate investment trusts (REITs) which will allow the Private Equity investors to quit at a favourable time without much hassles. This move has inspired the foreign private equity funds and pension funds are among investors that over the last 12 months have committed to [...] Continue Reading »
Azure Capital, a private equity name in the market manages India Realty Fund-I ( IRF-I), and the private player now has announced profit distribution for the second time, which it has earned by scope of Fund May 18, says a source. Fund May 18 has five percent of its income distributed too, this would be [...] Continue Reading »
After it was established that a stable government would come to power, real estate experts opined that private equity investment in Delhi-NCR is expected to rise by as much as 50%. Although the real estate investment climate has remained dim for a long time, it’s expected that this scenario will change drastically post-election. Officiating president [...] Continue Reading »
Private equity (PE) funds in India are looking to portfolios of income-producing real estate assets as the country prepares to allow listing of real estate investment trusts (REITs). Redfort Capital, Golden Estates, Kotak Realty Fund and Blackstone Group are few of the PE firms planning to invest in such assets. REIT is a type of [...] Continue Reading »
The private equity fund of IIFL has planned to invest in a central Mumbai slum redevelopment project. The PE fund, IIFL Real Estate Fund has committed to invest Rs 80 crore in a housing society-cum-slum-redevelopment project in Mumbai’s Sion Koliwada area. The redevelopment project will construct about 1.2 million sq ft sale able space. The [...] Continue Reading »
Real estate focused private equity fund ASK Property Investment Advisors had invested Rs 50 crore in the residential? development ?project in Noida. The project is expected to be completed in few months. 12 residential tower have been constructed in the project over 14.5 acres of land in Noida. As the project ended with a great [...] Continue Reading »
Brigade Enterprises, a Bangalore based real estate developer has plans of raising Rs 150 crore from a private equity fund. The developer will raise the amount by discharging one of its commercial property in Whitefield. The project they are planning to discharge is Summit Brigade Metropolis having a built up area of 800000 square feet [...] Continue Reading »
An IT SEZ was sold for Rs 810 crore in Pune. The SEZ, jointly hold by DLF Ltd and Hubtown Ltd has been sold to Blackstone, a private equity fund company. Both the real estate developers had stakes in the company with DLF having 67% in it. The SEZ was situated in the Hinjewadi area [...] Continue Reading »
