REAL ESTATE

L&T Realty to sell stake in Chennai township project to Pragnya Group

March 14, 2017 | Swet Sarika

L&T Realty Ltd, a wholly owned unit of engineering giant Larsen & Toubro Ltd, has agreed to sell its entire 51% stake in a township project to real estate private equity firm Pragnya Group.

Exclusive: Student housing startup Your-space raises angel funding

March 10, 2017 | Joseph Rai & Debjyoti Roy

TurningIdeas Solutions-incubated student housing startup Your-space has raised $500,000 (around Rs 3.3 crore) in angel funding to expand its premium student housing venture, the incubator's co-founder Ashish Mittal told VCCircle.

Asuka Holdings, existing investors back real estate firm Property Share

March 10, 2017 | Binu Paul

Bangalore-based Property Share, which offers investors fractional ownership of properties, has raised an undisclosed amount in a fresh round of investment led by Japanese venture capital investor Asuka Holdings, Kunal Moktan, founder and chief executive of the startup told VCCircle.

Exclusive: IDFC Alternatives backs Sunworld Developers’ residential project

March 09, 2017 | Swet Sarika

The real estate investment arm of IDFC Alternatives has invested in a residential project of Sunworld Developers Pvt. Ltd, two people familiar with the development told VCCircle.

Exclusive: Motilal Oswal Real Estate backs Hyderabad developer’s commercial projects

March 08, 2017 | Swet Sarika

Motilal Oswal Real Estate Investment Advisors Pvt. Ltd has invested in a few commercial projects of a Hyderabad-based developer, a top company executive told VCCircle. 

Aevitas Property Partners invests $30 mn in DASNAC Holdings' project

March 06, 2017 | TEAM VCC

Aevitas Property Partners, a Netherlands-based real estate fund, has agreed to make an investment of Rs 201 crore ($30 million) across mid-income and affordable housing projects of New Delhi-based real estate developer DASNAC Holdings, the company said in a statement. 

Exclusive: Edelweiss Group out to raise new credit fund

March 03, 2017 | Swet Sarika

Credit as an asset class seems to have become a favourite among financial services companies in India, with Edelweiss Group the latest to hit the road to scoop up capital for a fund with a similar theme.

Sheth group raises $27 mn from Altico Capital

March 03, 2017 | Swet Sarika

Mumbai-based developer Sheth Developers Pvt. Ltd has raised Rs 180 crore (around $27 million) in long-term debt funding from non-banking financial company (NBFC) Altico Capital, the investor said in a statement. 

Why the GIC deal may not help DLF break the debt jinx

March 02, 2017 | Jyotindra Dubey

DLF Ltd, India’s biggest property developer by market value, may not be able to come out of its debt trap anytime soon despite its promoters’ planned stake sale in the company’s rental arm to Singapore sovereign wealth fund GIC Pte Ltd.

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