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KKR and StanChart will finance ‘’The Address’’- luxury homes project in Mumbai

KKR and StanChart will finance ‘’The Address’’- luxury homes project in Mumbai
The market for the luxury homes seems to be picking up as Mumbai-based developer Wadhwa Group has launched its luxury homes project in suburban Ghatkopar where apartments cost Rs.1.7-10 crore. They have named this project ‘’ The Address’’ and are busy raising Rs 750 crore for the project. Kohlberg Kravis Roberts and Co. LP (KKR) [...] Continue Reading »

StanChart Bank wants to reduce real estate exposure

StanChart Bank wants to reduce real estate exposure
Standard Chartered Bank is looking to reduce the commercial real estate exposure in India after receiving a mandate from global regulators to cut exposure towards the underperforming sectors in the country by June 2014. The bank has been reaching out to borrowers through their relationship managers to close these credit limits. The bank’s current exposure [...] Continue Reading »



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