NEW DELHI: Omkar Realtors is in talks with real estate investment firms to sell its ongoing office complex project in Mumbai for over Rs 3,000 crore as part of its strategy to monetise commercial assets, a senior company official said on Friday. The company has already sold a shopping complex, comprising one million sq ft area, to Virtuous Retail, which is the retail arm of investment firm Xander. The...
Godrej News
Realty firm Godrej PropertiesNSE -2.65 % has cut its net debt by around Rs 650 crore during last fiscal on the back of strong sales bookings and also brought down average borrowing cost by one percentage point. According to an investors presentation, the net debt of Mumbai-based real estate developer has come down to Rs 2,846 crore as on March 31, 2018, from Rs 3,499 at the start of the last fiscal. The...
Godrej Properties Ltd., One of India’s leading real estate developers announced the addition of three new projects, two in Bangalore and one in Noida. GPL has entered into a joint venture with Sai Srushti Group to develop a 100 acres land parcel on NH-648 near Devanahalli Town in North Bangalore. NH-648 is a major highway connecting all primary markets of Bangalore from West to South. This shall...
Godrej Fund Management the real estate private equity arm of the Godrej Group has announced the first close of its US $450 million office development fund and a US $150 million office investment fund. Jointly the funds can invest/develop office assets worth over the US $1 billion in value, a company statement said.