Daily Real Estate News Digest (13th September 2019)

Oyo buys Jaipur hotel from Emaar Group for about Rs 40 crore.

SoftBank-backed Oyo Hotels & Homes has acquired Fortune Select Metropolitan Jaipur, currently managed by ITC Hotels, as part of its plans to enter the four-star segment currently dominated by marquee Indian and international hotel chains.

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Canara Bank gets 12 EoIs for stake sale in Can Fin Homes.

The lender, which owns 29.99 per cent stake in the home financier is looking to raise over Rs 1,000 crore from the stake sale,.

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Hiranandani plans ₹2,000 crore investment in warehousing business.

Hiranandani Group plans to invest around ₹2,000 crore in its warehousing vertical “GreenBase" over the next year to scale up the business. 


Supreme Court warns Amrapali homebuyers on dues, says projects will be wound up.

The apex court said their unwillingness to pay the outstanding dues may lead to winding up of the stalled projects.


Blackstone plans India warehousing deal.

Private equity firm Blackstone is in discussions to invest Rs 1,500 crore ($209 million) in a venture with India's Allcargo Logistics Ltd to build warehouses.


Blackstone hauls in $20.5 bn for largest global real estate fund.

Blackstone Group Inc. has raised $20.5 billion for the largest global real estate fund, as the world's biggest manager of alternative assets refills its coffers to make property investments.


Rajasthan Housing Board's e-auction may turn out to be a damp squib.

The RHB is offering these houses at discounted rates but the prices quoted for the housing body appear too exorbitant after seeing the condition of these dilapidated structures that are in poor condition.

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