(Bloomberg) — A Blackstone Group LP fund that takes minority stakes in alternative-asset managers is buying part of real estate firm Rockpoint Group. The Blackstone pool, which in July agreed to take a stake in buyout firm Leonard Green & Partners, has acquired a passive, minority stake in Boston-based Rockpoint, the firms said in a statement Tuesday. The interest is about 20 Read More

Prestige Group chairman and MD Irfan Razack. Prestige is in talks for a central Mumbai project development and has signed a 25 acre land deal in Noida for mid-income housing other than signing up for new projects in Pune and Hyderabad. Photo: Aniruddha Chowdhury/Mint Bengaluru: Armed with fresh capital commitments, Prestige Group is gearing up to build a new mid-income housing Read More

In 2016-17, Oberoi Realty generated a revenue of Rs320 crore from its leased commercial assets, accounting for about 27% of its overall revenue. Mumbai: Oberoi Realty Ltd expects to generate rental revenue of around Rs1,000 crore in the next three years from its existing and upcoming commercial portfolio, a top executive said. The company, India’s second largest builder by market Read More

No major deals above the value of $300 million happened last month, causing the decline from January, which registered deals worth $3.5 billion. Photo: Mint Mumbai: Private equity (PE) and venture capital (VC) investments in February registered a sharp 60% month-on-month decline to $1.4 billion across 63 deals, due to the absence of any mega deals, says a report. No major Read More

Last year, India’s real estate sector saw two major reforms come into force — the Real Estate Regulatory Authority (RERA) and the Goods and Services Tax (GST). While a landmark tax such as the GST is expected to have far-reaching implications for sectors across the economy, its impact on real estate as a whole is likely to be a mixed Read More

ICICI Prudential Real Estate Investments had invested around Rs450 crore across five transactions in Mumbai, Pune and Noida for a 550,000 sq. ft portfolio, which was leased to large international tenants. Photo: Hemant Mishra/Mint Bengaluru: ICICI Prudential Real Estate Investments, a division of ICICI Prudential AMC Ltd, has sold four of its five commercial office investments to ultra-rich individual investors and Read More

French hotelier Accor has signed the long-awaited sale of a majority stake in its real estate business to a consortium of investors including the sovereign wealth fund of Saudi Arabia. Europe’s largest hotelier by room numbers said on Tuesday after market close that it will sell 55 per cent of AccorInvest to sovereign funds, Saudi Arabia’s Public Investment Fund and Read More

Nair, CEO and Country Head, JLL India (Attn.editors: The following press release comes to you under an arrangement with PRNewswire. PTI takes no editorial responsibility for the same). RBI Hands out a Stalemate to the Real Estate Sector – Ramesh Nair, CEO and Country Head, JLL India MUMBAI, February 7, 2018/PRNewswire/ — Keeping the policy rates unchanged while maintaining REPO Read More

Shutterstock Consumers are habituated to receive information, answers to their questions and access to a range of services immediately, from ordering food to hailing a car ride and even receiving pre-approval on a loan for a home. Need a recommendation on something as routine as where to eat or something as personal as which real estate agent to work with? Read More

Property buyers and sellers in metros, especially in upmarket localities, won’t need to pay additional tax if the difference between the agreement and stamp duty values of the property is less than 5 per cent. The finance minister has proposed this relief in Budget 2018.At present, if the sale price of a property is lower than the circle rate, the difference is added Read More