Canada's Brookfield Asset Management announced the commissioning of phase-1 of a mega solar energy park in India's western state of Rajasthan. This park is set to be India's largest inter-state transmission system connected renewable energy park when fully commissioned, with a total capacity of 550 megawatt peak power output. The...
Canada's Brookfield to Acquire Two Wind Farms in India
Canada's Brookfield Asset Management will acquire two wind farms from Hyderabad, India-based Axis Energy Ventures for $75 million The deal will be Brookfield’s first direct acquisition in the renewable energy space in India. In 2017, Brookfield acquired Missouri- and California-based SunEdison’s TerraForm Global Inc, a 300-megawatt portfolio in India as...
Brookfield Asset Management Acquires Leela Hotels
Brookfield Strategic Real Estate Partners III, a fund managed by Canada's Brookfield Asset Management, signed an agreement to purchase luxury hotel brand Leela Palaces and Resorts Limited from the holding company Hotel Leela Venture. The deal includes four luxury hotels located at Delhi, Chennai, Bangalore, and Udaipur, a land parcel...
Global PE Firms Invest in India's Residential Realty
The residential real estate sector in India is witnessing a spurt in global investments due to regulatory changes and a more dovish monetary policy outlook. Additionally, government announced a cut in the goods and services tax charged on sales of residential properties under construction to stimulate the economy by driving up...
Trudeau Announces $1 Billion in Bilateral Investment with India
During his week-long visit to India in February, Canadian Prime Minister Justin Trudeau met six of the country’s most influential business people, making deals that he said will create more than 5,800 new jobs in Canada. Some of India’s biggest companies have said that they will invest more than $250...
Blackstone's Strategy in India Yields Rich Dividends
Tuhin Parikh, senior managing director for real estate in Mumbai at the New York City-based PE and asset management firm Blackstone, has aggregated a 100-million-sqft portfolio in India. Parikh and Blackstone scripted a gold rush into the country’s rent-yielding office spaces, which saw Brookfield Asset Management, Qatar Investment Authority and others...