In the Real World – The Week that was 24.01.2014

Key News

  • Blackstone’s proposed $160M deal to buy out Mumbai commercial property 247 Park stuck
  • The Bhatias of IndiGo Airline emerge as top bidders for Novotel Hyderabad Airport, a GMR group hotel, in a deal worth Rs 300 crore. A Delhi-based chewing tobacco maker, which owns a few properties in the country, too has been shortlisted
  • Air India’s plan to sell a 1.33-acre property in Chennai was not finalised because the bidders did not meet price expectations. Air India had been expecting well over ₹100 crore for the land measuring about 58,000 sq. ft, located in Teynampet on the arterial Anna Salai
  • Milestone Capital aims at first close of new realty fund by mid-2014
  • Shriram Properties looking to raise around $160M from realty funds
  • Fire Capital focusing on property development arm Astrum, looks to create exits from maiden realty fund
  • IndoSpace closes its second industrial real estate fund at $330 million
  • Three plots in Kharghar and two in Ulwe fetched Cidco Rs 260 crore when bids were opened this week
  • The arm of Dewan Housing Finance is in talks to take its public investment strategy global through partnerships with other asset managers

Berinder Sahni CFA MRICS
Unicus Advisors

320, Udyog Mandir 1;
Bhagoji Keer Marg;
Mahim (W)
Mumbai – 400 016
Mob. – +91 98215 65330


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