Brookfield to invest in new asset classes

Canada’s Brookfield Asset Management is looking to invest in new real estate asset classes in India including rental housing and serviced apartments, and also expand its office and hospitality portfolio, a top executive said. Brookfield owns 47 million sq. ft of office space across six cities in the country, and The Leela Hotels and Palaces … Read more

Godrej Properties wanted to get aggressive on the redevelopment projects in Mumbai. Announced collaboration with DB Realty. Then withdraws from the transaction the next day.

February 3, 2022 In recent times, after DLF and Lodha, Godrej Properties (GP) seems to be the next one with aggressive ambitions in the Indian Real Estate Sector. The Company has been on a spree of land acquisitions and product launches. Now it has announced a strategic partnership with D B Realty (DBR) to target … Read more

SC slams Supertech for non-payment to home buyers

The Supreme Court on Wednesday slammed real estate developer Supertech over non-payment to the homebuyers for flats which were ordered to be demolished. A bench headed by Justice DY Chandrachud told Supertech to keep their office in order and to make the payment to home buyers by January 17. It said that no amount should … Read more

Lodha predicts significant debt reduction by March 2023

Lodha has indicated the following – Complete repayment of $225 mn bonds in the next 4 months. These were raised against it’s UK projects in March 2020 and are originally scheduled to be repaid by March 2023. However, they would be prepaid due to strong sales from UK projects during the last 2 quarters. Target … Read more

Raymond seems to be going big on real estate

The Company has informed incorporating a new 100% step subsidiary, Ten X Realty Ltd (TXRL) to undertake the real estate business. Key points to note – What is step subsidiary – subsidiary of a wholly owned subsidiary. What would the step subsidiary do – business of development / joint development of land and properties other … Read more