Daily Real Estate News Digest (19th Feb 2018)

 

 

 

 

 

 

 

 

 

Singapore's GIC may buy 40% in Prestige rental unit for Rs 1,400 crore

GIC has emerged as the frontrunner to buy Rs. 1,400cr stake in the tenanted office space unit of Prestige Estates Projects. GIC is expected to pick up an ownership of slightly over 40% in the rent-yielding, 5 million sq.ft. office portfolio that counts JP Morgan, Cisco, Microsoft & Mylan as tenants.

ET Realty

Hyderabad's office stock doubles to 56 million sq ft in the past decade: CBRE

Hyderabad's office stock has doubled to 56 million sq.ft. in the past decade backed by strong fundamentals of a proactive govt, well planned infrastructure & talent availability making it one of the fastest growing office markets in the country.

ET Realty

PNB scam: Gitanjali Group bagged SEZ land in Hyderabad at throwaway price

Rajiv Gems park a wholly owned subsidiary of Gitanjali Group owned by PNB. Mehul Chinubhai Choksi, is a perfect example of how the govt gave away prime land to private SEZs at throwaway prices.

ET Realty

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