Real Estate

DLF Limited plans to raise R2900Cr by 17 -Acre plot sale. The prospect buyers for this plot are Lodha group and Vornado Realty Trust.

Panchshil Realty has bought back its stake in three of its projects from Merrill Lynch and IREO for over R720Cr.

Godrej properties is planning to acquire 14 acre land parcel in Bangalore from Housing Development and Infrastructure Ltd for around R100Cr.

IIFL Alternate Asset Advisors Limited has invested in R80Cr in Sheth Creators central Mumbai slum redevelopment project.

ASK Property Investment Advisors is planning to exit its investment in ATS Infrastructure Limited.The fund had invested R50Cr in ATS Infrastructure's residential development project in Noida in 2010 from its Special Opportunities Portfolio 1.

Walton Street Capital is planning to invest R100Cr in Supertech Limited's Noida project for 20% stake in the residential towers of the project.Supertech is developing Supertech Supernova, a township project having mixed-use development spread over the area of 5 Mn sqft.

Man Group is planning to exit its real estate business to focus on its core business of steel pipe manufacturing.

Paracor Capital has invested $20Mn in two residential projects of Chennai-based real estate developer Hallmark Infrastructure. Both these projects are located opposite Mahindra World City on GST Road in New Chennai, and involve a development of 0.8 mn sq ft.

Parsvnath Developers has put a 1.18 acre of prime commercial land near Connaught Place in New Delhi up for sale. The company has appointed Jones Lang LaSalle India to handle the process.