‘Shriram Properties may get Fosun Hive, Sundaram Asset, Premji Invest as anchor investors’

The Chinese conglomerate Fosun Group’s real estate wing Fosun Hive , Sundaram Asset Management, and Premji Invest are likely to be anchor investors in IPO-bound Shriram Properties, said sources. The three companies are likely to invest about $150 million together, they said. The real estate company filed its Draft Red Herring Prospectus (DRHP) to ...
September 12, 2021

Kochi Metro to rent out commercial spaces at stations

File photo KOCHI: The Kochi Metro Rail Ltd (KMRL) has decided to rent out over 40,000 sq ft space available in various stations at reasonable rates. The auction for renting out spaces will take place within two months. Retail, kiosk and commercial spaces are available at Aluva, Pulinchodu, Companypadi, Ambattukavu, Kalamassery, Cusat, Edappally, JLN ...
September 11, 2021

USA: In a hot market, companies compete with would-be homeowners

LOS ANGELES: Soaring home prices and rents are fueling real estate companies’ appetite for houses, adding unwelcome competition for many would-be homebuyers. Residential real estate bought by companies or institutions hit an all-time high of 67,943 properties in the second quarter, according to Redfin, a Seattle-based online brokerage. That’s more than a twofold increase ...
September 10, 2021