Blackstone, Panchshil Realty to buy Express Towers for Rs 900 cr

US private equity firm Blackstone Group LP and Indian developer Panchshil Realty are close to buying a majority stake in an office tower in Mumbai for about Rs 900 crore (Rs 9 billion), two sources......

Hotel chains do their bit to fight COVID-19

The strident support from the hotels comes at a time when the industry is itself caught off guard with a sharp dip in both in-bound traffic from foreign markets, reduced domestic traction as well......

GIC has mega plans for Indian realty; invests Rs 12,600 crore in 8 months

GIC entered Indian real estate in 2005, when it did a deal with residential developer XS Real, a Chennai-based developer Till two years earlier, the investor community said GIC, the Singapore......

JPMorgan, Morgan Stanley cool off Indian realty

According to experts, banks have found better arbitrage opportunities in dollar terms in mature economies with mortgage and leverage rather than take equity exposure on Indian real estate. At a......

IPL team bidding turns out to be a damp squib

The high-profile bidding for the two new teams in the Indian Premier League in Mumbai on Sunday turned out to be a damp squib. Despite all the hype, only three interested parties came forward to......