#RealEstate News for the week ending 17th May, 2014 Key News - Blackstone acquired a 1-million sqft office space 247 Park at Vikhroli in Mumbai for Rs 1,050 crore from Milestone Capital. - Oberoi Realty raises Rs.750 cr via NCDs for Tata land payment - Peninsula Land acquired a five-acre Byculla property previously owned by New Great Eastern Mill Spinning & Weaving Company and Mahindra Lifespace Developers, for Rs 650 crore. Located near Jijamata Udyan on Dr Ambedkar Road, the land has a development potential of about 6 lakh sq ft. - Shriram Properties is all set to launch its IPO by next year ICICI Prudential is looking to raise an alternative debt fund with a corpus of Rs.1,000 crore - Essel Finance, which is raising two realty focused funds, is investing roughly Rs 50 crore ($8.4 million) in a Pune residential property - Amplus Capital to raise $90mm in first overseas fund - Lemon Tree Hotels is investing Rs 1,000 crore to ramp up room capacity from 2,800 to 8,000 across the country by the end of 2017 - Brigade Group has confirmed to come up with eight new hotels in South India in the near term - International - Tata Housing has entered into Sri Lankan markets with an investment of over $400 million (about Rs 2,400 crore) to develop a township project at Colombo. - International - Australia’s StayWell Hospitality Group has teamed up with South African based hospitality group, Mantis Collection to front the growth of its hotel brands throughout sub-Saharan Africa. #Mumbai #India #News #Property
Posted on: Mon, 19 May 2014 07:11:36 +0000
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