Private Equity
The India Realty Excellence Fund II LLP has raised this fund for deployment in its Ambernath project spread across 2.5 million square feet in Mumbai’s central. As per the person related to the development, this deal was closed in beginning of January. Motilal Oswal Real Estate fund, which is the real estate wing of Motilal [...] Continue Reading »
The data collected by the Director General of Registrations, Mumbai concluded that the registration of property sales in Mumbai is increased by 0.06 percent in February 2014. On the basic of per month data, the registration of properties have decreased by 11.4 percent in February but the numbers are strong in comparison with the 2012 [...] Continue Reading »
Some people familiar with the developments are saying that the Aditya Birla Private Equity is in talks for the possible purchase of a 6 per cent stake in Adlabs Imagica. This will result the in the valuation of the company to be at Rs1, 667 crore. The deal is a part of a sale of [...] Continue Reading »
The GMR Infrastructure has got the permission from its share holders to raise Rs 2,500 crore through different methods. This will be helpful to reduce the debt which is currently Rs 4,500 and also useful for another project in Chhattisgarh. The company also increased its share value from Rs 750 to Rs 1,950 to make [...] Continue Reading »
IDFC Alternatives raised its first fund of Rs. 750 crore focused on residential sector in India. IDFC Alternatives is a wholly owned subsidiary of IDFC Ltd. The fund is called IDFC Real Estate Yield Fund and will invest Rs 60-80 crore and will target gross returns of 22%. It is a four year close-ended private [...] Continue Reading »
Slow approvals and execution has caused project delays forcing real estate developers to raise capital from non-banking financial companies (NBFC) and private equity (PE) funds to refinance previous loans, repay banks or pave the way for exits by investors. PE funds and analysts point out that developers may not judged correctly on the time required [...] 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 »
Blackstone Group LP, a leading private equity (PE) investor in India, is planning to increase their exposure in real estate in India. Structured finance deals, according to experts, have been quite common as the cost of equity has increased significantly due to unfavourable Indian macro situation. Another PE investor, Kohlberg Kravis Roberts (KKR), says it [...] Continue Reading »
The planned changes in foreign direct investment rules for the realty sector will be discussed by the cabinet this week. The new rules will help realtors to infuse more money into the sagging housing sector by lowering the minimum built-up requirements and minimum capitalisation. The minimum area requirement would be halved from 10 hectares to [...] Continue Reading »
Bangalore witness strong private equity interest in real estate The New Year started with a boom for the Bangalore realty market. The realty in the city is attracting private equity investments in the real estate sector. Multiple sources had been quoted as saying that many deals topping $10 million (above Rs 60 crore) have been concluded or [...] Continue Reading »
