The stake sale was undertaken by Indiabulls to focus fully on its financial services as it seeks to merge with Lakshmi Vilas Bank.
Mumbai among Indian cities tops the list. Mangal Prabhat Lodha of Lodha Group gets the top spot among richest individuals from the Real Estate sector, Jitendra Virwani of Embassy secures the second spot followed by Rajiv Singh of DLF.
Embassy through its entity Embassy Property Development Pvt Ltd, has entered into an agreement with Taurus Investment Holdings, a Real Estate Private Equity Investment and Development Company headquartered out of Boston, to form a joint venture called Winterfell Realty Private Limited to develop an SEZ property, the company said.
Demonetisation is taking a toll on Indian diplomacy, with Russia lodging a strong protest over cash shortage affecting the functioning of its embassy here and threatening retaliatory action.
The Indian Embassy and the Consulates have issued trade advisories to various trade bodies and associations cautioning traders and small and medium enterprises (SMEs) planning to do business with China after receiving several complaints.
Square Yards, a technology-enabled transaction platform for the primary real estate sector organised Indian Realty Revelry (IRR), a one-of-its-kind ...
The Cabinet approval came days after the government clarified that minimum alternate tax (MAT) would be applicable on REITs only when there was actual transfer of their units.
The lease contract is part of Flipkart's expansion plans as it will hire 12,000 people this year to beef up support and technology operations.
Clearances are delayed, funds are drying up and demand is low â€“ in short, India‘s real estate sector is mired in rubble. But even as a string of private equity players pull out of the sector, US-based PE giant Blackstone is sensing a golden opportunity.
A keen understanding of the commercial real estate market in Bangalore has defined Jitu Virwani as a developer.
CNBC-TV18's weekly real estate show showcases Cushman & Wakefield‘s report on commercial property trends in Pune, Bangalore, Chennai, National Capital Region (NCR).