Category: Real Estate

Embassy buys 14% in Indiabulls Real Estate in bulk deal

MUMBAI: Embassy Property Developmentson Friday bought an around 14% stake in Indiabulls Real EstateNSE -2.93 % from its promoter through a bulk deal on the stock exchanges. The deal is part of a three-stage transaction under which a Blackstone Group-Embassy alliance will be acquiring Indiabulls group chairman Sameer Gehlaut’s…

Blackstone to buy GLP’s US warehouse assets in largest real estate PE deal

Blackstone Group LP is buying U.S. industrial warehouse assets from Singapore-based logistics provider GLP for $18.7 billion, in what the companies said was the largest private real estate transaction. Blackstone, the world’s largest manager of alternative assets, said on Sunday the overall transaction totaled 179 million…

Kingdom’s giga-projects drive real estate market

By Basil M.K. Al-Ghalayini, Arab News The long-term prospects for Saudi Arabia’s real estate sector remain optimistic, due to various government initiatives aimed at stimulating the market. Most sectors have remained subdued, as highlighted by lower activity in 2018. But the implementation of various urban regeneration initiatives,…

Real estate investors opting for Tier 2 & 3 cities, survey shows

(Representative image) NEW DELHI: Real estateinvestments are no longer limited to major metros — investors are equally, if not more, enthusiastic about Tier 2 & 3 cities as sites of investment, ANAROCK’s second edition of its Consumer Sentiment Survey shows. According to the survey, 26% of property…

Real estate sector in Karnataka will boom by 2020: CREDAI

India’s real estate sector, which includes the housing, retail, hospitality, and commercial sub-sectors, is one of the largest contributors to jobs in the country. According to a recent press release by Confederation of Real Estate Developers Association of India (CREDAI), the real estate sector in India…