Real Estate

Gaursons India has acquired 300 acre land from Jaypee Group located at Yamuna Expressway in Greater Noida for around R1500 Cr to develop integrated township, ET states.

Jai Corp, owned by Mukesh Ambani and Anand Jain is planning to sell part of its stake in the Navi Mumbai special economic zone which has failed to take off due to land acquisition problems and lack of clients from abroad, BS stated.

An affiliate of Qatar Investment Authority is in discussions with RMZ Corp to invest about $200 Mn in the company.

Nitesh Estates is in talk with Hong Kong based real estate fund Forum Capital Partners to raise up to $60 Mn by selling minority stake in its SPV, ET states.

Goldman Sachs has exited its investment in Vatika Group, a Delhi-based realty firm by selling its stake to the promoters of the group.

As part of its strategy to exit from the non-core assets and reduce debt, DLF has sold 32 acre of land in Hyderabad for about R650 Cr to Suvarnabhoomi Developers, ET states.

Actis PE is planning to exit from its real estate investment in Vaishnavi Group based in Bangalore, according to BS.

Online real estate portal - Indiaproperty.com is planning to raise $10-12 Mn, according to BS.

The BOD of Shree Ram Urban infrastructure Ltd have approved the issue of NCD’S up to Rs. 2000 Crores, states BSE.