RMZ Corp
Southern developer RMZ Corp, backed by Qatar Investment Authority (QIA), is close to buying an IT park owned by BPTP for Rs 800 crore, people directly involved with the matter said. The Bangalore-based RMZ is acquiring the 650,000-sq-ft IT park in Phase IV, Gurgaon, built on 4.5 acres and located close to the international airport. [...] Continue Reading »
A prospective special purpose vehicle (SPV) route is being explored by Bangalore-based real estate developer RMZ Corp to expand into other cities. For further expansion, RMZ has apparently set its eyes on Chennai. Moreover, the company is also apparently planning to venture into office space realty by expanding into Mumbai, NCR, and Hyderabad. In fact, [...] Continue Reading »
One of India’s top office space developers (RMZ Corp), has signed fresh leases for over 1.5-million sqft of office space and sold close to a million sqft, signaling continued demand for office space in the country’s IT capital. All of this commercial space action is happening at RMZ’s 52-acre Ecoworld IT Park located on Outer [...] 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 »
Indian arm of AIG‘s global real-estate business has served a legal notice on Bangalore-based developer RMZ Corp. The notice came due to failure to let AIG exit its investment in a stalled joint venture in Hyderabad. AIG Global Real Estate India Advisors had invested Rs 350-crore in the mall project, which got delayed due to [...] Continue Reading »
The renowned real estate group RMZ Corp wants to change its course of work into residential projects. The firm based in Bangalore has plans of entering residential realty market as it might sum up more profit for the company. As per plans, the firm wants to concentrate in 60:40 ratio for residential and commercial projects [...] Continue Reading »
Indian real estate has been witnessing investment from various private equity firms all across the globe. Similarly AIG Global Real Estate, a New York-based Private Equity firm (PE) had invested around 200 million dollar that will come upto Rs.1,000 crores comprising of five different construction projects in India. Previous year AIG Global Real Estate had [...] Continue Reading »
The developers in Bangalore are facing rise in costs of the properties by 10-15% by this year-end is traced to be inevitable generally the price escalation was about 3-4% per annum. However the input costs have been rised by 7%. The average cost of construction has seen a increase by Rs 150 per sqft and [...] Continue Reading »
