Reliance Portfolio Management Services, a part of Reliance Capital Asset Management is all set to raise over Rs.1500 crore from the domestic market to invest in real estate projects around the country.
Unitech Ltd, India’s second largest real estate company, and DB Realty Ltd continued to struggle with sales in the June quarter amid rising interest rates and slowing demand—a seemingly unceasing plight they share with most of the sector.
Kumar Urban Development Ltd (KUL) has raised Rs.50 crore from two private investors, taking its total fund-raising this year to about Rs.300 crore.
A senior high ranking officer of a Central Intelligence agency revealed to this correspondent that in the investigations surrounding the assets of Shahid Balwa when the investigation stirred towards the DB Realty assets in Goa.
Ascott, one of the world’s largest serviced residence owner-operator, is expanding its footprint in India in cities like Mumbai, Delhi and Pune, adding to its $250 million investment in seven upcoming properties.
DB Realty Ltd has reportedly sold off its 50% stake in a south Mumbai property to the Adani Group.
Supertech has signed contract with Benoy, a U.K.-based architectural firm, for master planning and architectural designing of an upcoming 30,00,000 square feet site mixed use development project in Noida.
UK-based real estate fund Trinity Capital Plc sold its stake in Kapstone Constructions Pvt. Ltd, a subsidiary firm of Mumbai-based developer Keystone Realtors Pvt. Ltd.
Unitech Ltd is expanding its retail development business and plans to invest around Rs.2,000 crore over the next three years to develop about 2 million sq. ft of premium and luxury shopping malls.
CHD Developers Ltd has appointed Ravi Saund as the Chief Operating Officer. He will continue to report to Gaurav Mittal, MD, CHD Developers Ltd.