U.K. headquartered HSBC Holdings plc HSBC, is exploring a re-entry of onshore private banking in India (which it exited in 2015), where the ranks of the super rich are growing fast, and record high stock markets have created a string of billion-dollar start-ups. Spearheaded by Group CEO Noel Quinn, HSBC...
Blackstone Bullish on Real Estate in India
New York City-based Blackstone Group L.P. acquired a marquee office building in Mumbai’s Bandra Kurla Complex (BKC) for $357 million -- this year’s largest commercial real estate deal. Owned and developed by Mumbai-based real estate firm Radius Developers, the eight-story building, One BKC, is spread across 700,000 square feet and...
Warburg and Blackstone Bullish on Real Estate in India
New York City-based private equity firm Warburg Pincus is negotiating a deal with Mumbai developer Runwal Group to invest $1 billion in real estate projects. Warburg and Runwal may each make an equity contribution of $250 million to the investment platform while the rest will be raised through leveraging. The...
American Companies Top in Leasing Commercial Space in India
In India, American companies occupy about 45 percent of the grade ‘A’ space, as they continue to expand operations leveraging the low cost and highly-skilled resource base in the country. Companies from India account for 35 percent of the office real estate absorption, while those from the European Union take...