Daily Real Estate News Digest (2nd January 2020)

K Raheja Corp’s Mindspace files papers for Rs 1,000 crore-REIT listing

Mindspace Business Parks REIT is looking to raise over Rs 1,000 crore through a fresh issue of shares and an offer for sale by both K Raheja Corp and Blackstone.

ET Realty

D-Mart's Radhakishan Damani buys 8.8-acre mixed use plot from CCI for Rs 500 crore

The land is part of 22 acres owned by Cable Corporation of India, which had mortgaged the entire plot to Indiabulls Housing Finance for a residential-led mixed-use project.

ET Realty

Park Hotels files draft papers with Sebi for Rs 1,000 crore IPO

The amount to be raised through OFS comprises up to Rs 125.4 crore by promoter selling shareholder, up to Rs 354.9 crore by Apeejay Pvt Ltd, up to Rs 84.7 crore by Apeejay House Pvt Ltd and Rs 34.9 crore by investor selling shareholders, according to the draft red herring prospectus.

ET Realty

Air India to seek clarity from Maharashtra government on its Nariman Point building

State-run carrier Air India will request the new Maharashtra government to clarify whether it is still interested in taking over its iconic building in posh Nariman Point, after the previous government had expressed interest to buy the property outright when it was put up for sale in December 2018.

ET Realty

Apollo, Varde pull out of race to buy troubled Altico Capital India

‚ÄčThe firms pulled out because they were unwilling to meet creditor demands to inject as much as Rs 200 crore ($280 million) of fresh equity into Altico.

Business Standard

Ashok Piramal Group's Peninsula Land defaults on SBI loan repayment

The real estate developer defaulted on the principal amount of Rs 88 lakh and interest of Rs 1.47 crore on November 30, 2019.


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