INH Mauritius to sell its 49% stake in JMFCS to JM Financial for about Rs 3,000 crore
In a significant restructuring move, JM Financial is set to bolster its ownership of JM Financial Credit Solutions (JMFCS) by acquiring the 49% stake held by INH Mauritius, an investment fund controlled by veteran dealmaker Nimesh Kampani. This deal, valued at approximately Rs 3,000 crore, will see JM Financial’s ownership
Here’s why London is the preferred overseas real estate investment destination for rich Indians.
London continues to be a magnet for wealthy Indian real estate investors. Several factors contribute to this enduring trend. First, London’s property market boasts a reputation for stability, offering attractive rental yields that provide a steady stream of income. This stability also translates to potential for capital appreciation, making it
Mitsui O.S.K Lines’ Daibiru Corporation enters India’s real estate sector, invests $123.5 mn in Delhi’s Atrium project
Mitsui O.S.K. Lines’ subsidiary, Daibiru Corporation, makes a $123.5 million investment to enter the Indian real estate market by developing A+ grade office space in Delhi’s Atrium project, partnering with Hines for project completion by 2025. In a strategic move to diversify its holdings and tap into India’s flourishing real
Japanese Investment Boosts Gurugram Office Market
Synopsis: Daibiru Corporation, a Japanese company, invests Rs 10 billion in an upcoming office complex in Gurugram, co-developed by DLF and Hines. Marking a significant investment in Indian real estate, Daibiru Corporation, a subsidiary of Mitsui O.S.K. Lines, has injected Rs 10 billion into an under-construction office complex in Gurugram.
Kaisa Group Gets Breathing Room as Hong Kong Court Delays Liquidation Hearing
A Hong Kong court delayed a hearing on a petition to liquidate Kaisa Group. The postponement gives Kaisa until August 12th to finalize a debt restructuring plan with creditors. This decision comes amidst a wave of financial difficulties faced by Chinese property developers. Hong Kong, June 25, 2024: The embattled
Hong Kong Retains Title as World’s Most Expensive City for Expats in 2024 Mercer Ranking
Synopsis: Hong Kong retains its position as the most expensive city for expats in Mercer’s 2024 Cost of Living Ranking. Singapore follows closely behind, highlighting Asia’s dominance in expat living costs. Rising housing costs pose a challenge for companies relocating employees and impact disposable income levels. Mercer’s ranking considers various
UK Housing Market Cools as Asking Prices Stall
Synopsis: UK house asking prices have stalled at £375,110, marking a shift from the usual upward trend. This flat growth follows record highs in May and could signal a cooling market. Despite the price stagnation, sales figures remain positive, suggesting continued buyer activity. The upcoming election and property’s enduring investment
California Crown Jewel: Malibu Mansion Sells for Record-Shattering $210 Million
Synopsis: A Malibu mansion has sold for a record-breaking $210 million, becoming the most expensive home ever sold in California. The property boasts 15,000 square feet on nearly 10 acres of clifftop land with private beachfront access. The buyer remains anonymous but is clearly a member of the ultra-wealthy elite.
Germany’s Housing Slump Deepens as Residential Construction Continues to Slide
Synopsis: Germany’s residential construction sector is facing a significant downturn. This decline is driven by a combination of factors, including rising mortgage interest rates, high construction costs, and a lack of new buyer demand. The industry sentiment is at an all-time low, with builders facing a bleak outlook for the
China’s Property Measures Give Sales a Boost, But Only in Big Cities
China’s recent property measures have led to a boost in real estate sales, but the impact is predominantly seen in the major cities. These measures, designed to stabilize the housing market and stimulate economic growth, have been less effective in smaller cities. The article delves into the specifics of the