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2 weeks ago | 
htsyndication.com | Priyal Mahtta
New Delhi, April 14 -- HDFC Capital Advisors Ltd, the real estate private equity arm of HDFC Bank, has created a Rs 1,500-crore (about $175 million) development platform with a unit of New Delhi-based developer Eldeco Group to develop residential projects in tier 2 and 3 cities. The partnership is part of HDFC Capital's strategy to develop affordable and mid-income housing, the PE firm said. Neither the PE firm nor Eldeco specified their respective capital commitment to the platform.
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3 weeks ago | 
htsyndication.com | Priyal Mahtta
New Delhi, April 9 -- Fractional ownership platform hBits Proptech Pvt Ltd has received regulatory approval to launch its small and medium real estate investment trust (SM REIT) for a public listing, the company said Wednesday. The platform plans to launch its public issue in June while migrating its commercial assets to the REIT.
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1 month ago | 
vccircle.com | Priyal Mahtta
Tushar Bose (left) and Bamashish Paul, co-founders, Etonhurst Real estate-focused investment firm Etonhurst Capital Partners is set to start investing from its maiden residential redevelopment fund that it floated last year and aims to fully deploy the corpus by the end of next year even as it plots another strategy to ramp up its portfolio, a top executive ...... This is a Premium article. Please subscribe or log in to read the full story!Here's a selection of our recent premium content.
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1 month ago | 
htsyndication.com | Priyal Mahtta
New Delhi, March 20 -- Alternative investment firm Alpha Wave Global has agreed to invest Rs 1,250 crore (about $145 million) in a joint venture of Oberoi Realty Ltd and the Mumbai-listed developer's chairman and managing director. Alpha Wave will get a 21.74% stake in the joint venture, I-Ven Realty Ltd, on a fully diluted basis, Oberoi Realty said in a stock-exchange filing Thursday. I-Ven Realty is currently an equal joint venture between Oberoi Realty and its chairman Vikas Oberoi.
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2 months ago | 
htsyndication.com | Priyal Mahtta
New Delhi, Feb. 27 -- Homegrown warehousing and industrials investor and development management platform Welspun One, which wrapped up raising capital for its latest fund in July last year, has launched a co-investment plan to expand the latest vehicle's portfolio.
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2 months ago | 
htsyndication.com | Priyal Mahtta
New Delhi, Feb. 14 -- Blackstone-backed Nexus Select Trust, the only listed retail-focused real estate investment trust (REIT) in India, has completed the acquisition of a shopping mall in Bengaluru for about Rs 913 crore (about $105 million). The REIT pumped in about Rs 870 crore to purchase Vega City Mall and will spend the remaining amount on capital expenditure including renewable energy and closing costs.
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Jan 29, 2025 | 
htsyndication.com | Priyal Mahtta
New Delhi, Jan. 29 -- A number of family offices, including those of Mankind Pharma's promoters, movie producer Gauri Khan, Rupa Group and Jagruti Dalmia, have invested in hospitality firm OYO's co-working space arm Innov8. Innov8, which was founded about a decade ago and acquired by OYO in 2019, secured Rs 110 crore in primary capital, it said in a statement. Family office investors chipped in with about 55% of the amount. The funding was done at a pre-money valuation of Rs 1,000 crore.
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Jan 29, 2025 | 
htsyndication.com | Priyal Mahtta
New Delhi, Jan. 29 -- Blackstone-backed ASK Group's real estate investment arm has added another Gurugram-based housing project to its portfolio, it said on Wednesday. The investor, which launched the maiden luxury real estate-focused investment vehicle, has invested about Rs 245 crore in a middle-to-upper-middle segment housing project being developed by Gurugram-based builder Satya Group. This investment is in line with ASK Property Fund's strategy to make post-approval bets in housing projects.
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Jan 23, 2025 | 
htsyndication.com | Priyal Mahtta
New Delhi, Jan. 23 -- The joint venture between Nuvama Asset Management and Cushman & Wakefield, which launched its maiden real estate fund last year to invest in office properties in India, has marked the first close. The JV has crossed the target corpus limit to raise Rs 1,700 crore, it said on Thursday. It aims to secure another Rs 1,300 crore in the next two quarters, a top executive said.
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Dec 8, 2024 | 
htsyndication.com | Priyal Mahtta
New Delhi, Dec. 9 -- The real estate investment arm of Blackstone-backed ASK Group Monday announced its investment in a residential project in Gurugram along with Shapoorji Pallonji Real Estate and the property arm of Kanodia Group. The entities will together invest about Rs 270 crore (around $31 milion) in the luxury housing project located in Sector 46, Gurugram as an initial investment.
