Indiabulls Real Estate, Embassy Group finalize merger terms, share swap

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MUMBAI | BENGALURU: Indiabulls Real Estate and two subsidiaries of Embassy Group have entered into a definitive agreement to merge their residential and commercial projects across markets to create one of the largest property development platforms in the country. The combined entity will hold both the developers’ ongoing, completed but unsold and planned projects with … Read more

Our investing theme in India remains IT across realty and PE: Christopher Heady, Blackstone Group

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US private equity major Blackstone Group has invested over $8 billion in Indian real estate and continues to be bullish on the country’s property sector, especially office spaces, even as it evaluates more investment opportunities here, said Christopher Heady, Asia-Pacific chairman and senior managing director, Blackstone. In an exclusive chat with Kailash Babar, Heady talks … Read more