Several Mumbai-based real estate developers such as Macrotech (Lodha group) Rustomjee, Arkade and Suraj Estate have gone public in recent years.
The global real estate fund of Morgan Stanley is in talks with the Wadhwa Group to invest Rs 900 crore to Rs 1000 crore in an office development in Mumbai, three sources familiar with the matter told Reuters.
Reliance Industries (RIL) is in talks with Wadhwa group to jointly develop a 17 acre land parcel in BKC and the company may receive over Rs 1200 crore, reports The Economic Times. It touched an intraday high of Rs 857.50 and an intraday low of Rs 845.35. At 09:48 hrs the share was quoting at Rs 851.70, up Rs 5.60, or 0.66%.
Gulf Finance House BSC (GFH), a Bahrain-based Islamic investment bank, has signed a partnership agreement with Wadhwa Group, an eminent real estate developer in India.