NEL Holdings South Limited said that it has inked a business transfer agreement with Ramky Estates and Farms Limited (REFL) for exiting from the Melbourne Park project that is held with its fully-owned subsidiary – NHDPL South Private Limited. The Melbourne Park project deal aligns with the company’s earlier intimation about its exit from the […]
Altria Group said that its subsidiary – UST LLC has agreed to divest its Ste. Michelle Wine Estates business to Sycamore Partners Management in an all-cash deal worth $1.2 billion. According to the tobacco giant, Sycamore Partners Management will also assume certain liabilities of Ste. Michelle Wine Estates business as part of the deal. Altria […]
Prestige Estates Projects Limited has acquired Ariisto Developers Private Limited for INR 2 lakhs for the purpose of carrying out a realty project in Mulund, Mumbai. The Bengaluru-based property development company said that the acquisition was executed via a resolution plan submitted by it in the corporate insolvency resolution process of Ariisto Developers. The resolution […]
B.L. Kashyap and Sons Limited, a New Delhi-based civil engineering and construction company, has bagged a new order worth INR 135 crore from a domestic unrelated client. The contract is for the construction of civil, structure, and rough finishing work of the AIPL Joy Gallery Project at Sector-66, Gurgaon. According to B.L. Kashyap and Sons, […]
Ashiana Housing Ltd said that it has executed a registered sale deed to acquire 22.1 acres of land in the revenue estate of village Wazirpur in Sector- 93, Gurgaon Manesar Urban Complex, Gurgaon, Haryana. The Indian real estate development company, which is based in New Delhi, said that it plans to build a group housing […]
Indian suiting manufacturer Raymond Limited has appointed Harmohan Sahni as the CEO of its realty business. Until recently, Harmohan Sahni served as the COO of the real estate business of ECL Finance Limited (Edelweiss Group) and is said to have vastly experienced in carrying out projects such as luxury housing, affordable housing, commercial and retail […]
Kolte-Patil Developers said that it has signed a couple of new projects in Pune under the development management (DM) model, with expected fees of around INR 80 crores. The Pune-based real estate developer will provide its brand to the 8.4-acre Hinjewadi residential project and the 5.4-acre Tathawade mixed use project. The saleable areas of the […]
Indiabulls Housing Finance (IBH), an Indian home financing company, has entered into a co-lending partnership with HDFC to provide housing loans to homebuyers at competitive rates. Under the terms of the partnership, Indiabulls Housing Finance will originate retail home loans as per jointly drawn up credit policy. The Gurugram-based mortgage lender will retain 20% of […]
Mahindra Lifespace Developers, an Indian residential property developer, said that it has finalized the terms to acquire nearly 3.2 acres of land in Pimpri, Pune, from its parent organization Mahindra & Mahindra. The acquisition is anticipated to close in approximately six months and will be contingent on the meeting of agreed conditions by both buyer […]
HDFC Capital Advisors, a subsidiary of HDFC, has entered into a partnership with an affiliate of US private equity firm Cerberus Capital Management for creating a special situations platform for the Indian residential real estate sector. The special situations platform will pursue buying of inventory and offer last-mile funding for under construction residential projects in […]