New York City-based private equity firm Blackstone Group LP and Bangalore-based developer Embassy Property Development Private Limited raised $682.5 million from India’s first public offering of a real estate investment trust (REIT). This REIT’s portfolio comprised 33 million sq. ft. of office space across eleven office parks and buildings, as...
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...
India's Realty to Get $4.2 Billion in New Global Investments
According to a report from Chicago-based Cushman & Wakefield, India's real estate sector is expected to record inflow of newly-raised capital amounting to $4.2 billion, including debt and equity in 2017. Global investments are finding routes to India with a long-term horizon on account of strong economic growth and sentiments...
India's Property Market May Flourish in 2017
Word on the street was that India's November 2016 demonetization of high value currency notes would have a significant impact on the real estate price; here is what the experts say: Forbes reports that 2017 will be a bumper year for India's real estate market as well as for its...
Investment Trusts for Real Estate to Open Up Soon
According to an article on the National Association of Real Estate Investment Trusts (NAREIT), with the latest news from India, 31 countries now have REIT regimes in place, a group that includes both developed markets and developing economies. Remarkably, a decade ago there were only a dozen countries with REIT...