Prestige Estates to buy 80% in Sterling Urban Infraprojects

Prestige Estates to buy 80% in Sterling Urban Infraprojects

Builder Prestige Estates Projects has signed an agreement to acquire 80% stake in Sterling Urban Infraprojects that holds a land parcel in Bangalore. The Rs 3.36 billion deal is for acquisition of 80 per cent stake held by investors and its affiliates in Sterling, the...
Office absorption to cross 100 million sq ft by 2020: Report

Office absorption to cross 100 million sq ft by 2020: Report

Cumulative net absorption of office space is expected to cross 100 million sq ft by end of 2020 in the top eight Indian cities as the absorption is expected to grow at approximately at a CAGR of 8% over 2017. A report by JLL India said office space market has been...

Growth trends in property market

Real estate is not a single industry but consists of asset classes such as residential, commercial and retail.  All these categories are inter-related and depend on each other to drive growth. Residential projects tend to crop up around commercial office catchments,...
Prestige buys CapitaLand’s stake   for Rs3.42 billion

Prestige buys CapitaLand’s stake for Rs3.42 billion

The acquisition of Singapore-based CapitaLand Ltd’s stake in various shopping mall projects will boost Prestige’s annuity portfolio with an estimated incremental rental income of about Rs750 million per year Prestige’s plan aims to take a 66.66% stake from private...