Drug maker Pfizer on Monday said it has completed the process of transferring four products to Mumbai-based Piramal Enterprises after getting necessary regulatory approvals.
Private equity investments in the real estate sector rose 64 per cent to Rs 19,137 crore in the first six months of this year on increased interest from both domestic and global investors, according to a report.
The Reserve Bank of India is looking for new premises for its office and residential complex in Shimla near the famous Ridge on Mall Road.
Private equity (PE) investment in retail real estate jumped over thirteen-fold to Rs 3,350 crore in the first six months of this year on the back of some big ticket deals, according to a global property consultant.
Realty firm Unitech Ltd's sales bookings doubled to Rs 362 crore during the quarter ended June 30, compared with the corresponding period a year ago, on higher volumes in the commercial segment.
The 17-lender consortium led by State Bank of India has put on sale embattled businessman Vijay Mallya's prime Goa property, the Kingfisher Villa, at a reserve price of Rs 85.29 crore.
Realty firm Supertech on Wednesday claimed it has sold 250 apartments worth Rs 150 crore in its housing project in Gurgaon within two months from the launch.
Realty major DLF will invest about Rs 500 crore to develop an IT Park in Chennai as the commercial real estate market has picked up in major cities.
The Delhi High Court has granted an opportunity to beleaguered real estate major Unitech Ltd to complete its delayed housing projects and hand over possession of flats to buyers by opening escrow accounts and using the money deposited in them solely for these projects.
The Supreme Court today gave a stern message to Supertech asking it to return money to investors, saying it was not concerned whether the real estate major "sinks or dies".
The Competition Commission of India's penalty of over Rs 6,700 crore on 11 cement companies amounts to 20-75 per cent of the players' 2015-16 operating profits, however, the move is credit neutral due to their low leverage levels, India Ratings and Research said on Thursday.
Piramal Fund Management (PFM) has invested Rs 2,320 crore in various projects of Mumbai-based developer Lodha group.
Realty major DLF's chairman, K P Singh, has said there are some "serious anomalies" in the real estate regulatory law, such as no provision for single-window approval system, which pose a grave concern for the developers and can stifle growth.
In a bid to revive the stuck construction and real estate projects, the Cabinet on Wednesday approved an array of measures to help quickly resolve disputes, pump in liquidity and deal with stressed assets.
Realty firm Signature Global will invest about Rs 950 crore to develop 5,000 low-cost homes in Gurgaon under the Haryana government's affordable housing policy.
A global real estate facility will open its first office in India, a top company executive has said.
The FICCI-Grant Thornton survey report recommended that the compliance of this Act should not become one more layer of approvals to be obtained and rather should ease out entire approval process.
With global investors committing over $2 billion in the Indian real estate sector, credit rating agency Icra has said developers would be able to acquire new projects and ensure a healthy launch pipeline.
The private equity investment in real estate stood at Rs 3,900 crore during January-June period of last year.
Private equity inflows in the real estate sector rose 33 per cent to Rs 5,193 crore in the first half of 2016 on an improved investment climate following reforms like the real estate regulatory law, easing of FDI rules and introduction of real estate investment trusts (REITs), according to property consultant JLL.