M3M Realty has secured a Rs 1,500 crore debt facility from alternative investment firm PAG Credit & Market for eyeing its portfolio expansion. The money will be paid back in four instalments of 600, 300, 250, and 350 crores over the course of 1.5 years. The funds will be used to expand the portfolio and…
The real estate developer Shapoorji Pallonji Real Estate (SPRE) and PAG (an investment company) have to get involved to revive a super-luxury residential project in south Mumbai, “The Minerva,” India’s tallest residential building, in South Mumbai’s Mahalaxmi locality. The project will be developed and executed by the current developer, Lokhandwala Kataria Constructions. Indiabulls Housing Finance…
Elan Group, based in Gurgaon, will invest Rs 4,000 crore in developing 8 million square feet of luxury residential space on the Dwarka Expressway, on a 40-acre land parcel purchased from Indiabulls Real Estate in January for Rs 580 crore. It is a fully licenced 40-acre property, with 30 acres reserved for residential development…