The sources had said the enterprise value of the deal could be between ₹1,700 crore and ₹2,000 croreEmbassy Group proposed to merge around 11 real estate projects comprising nearly 62 million sq ft area with Indiabulls Real Estate Ltd last month
2 min read12 Aug 2020Embassy Group to start the new venture with 20,000 beds to be built on its existing land portfolioThe brand is planned for an official launch towards the end of 2019 with a flagship project in Bengaluru, followed by Pune
2 min read26 Aug 2019Once deal is completed, IBREL may become an Embassy Group firm, and will be run as a separate companyBlackstone will join in as a shareholder in the new entity
2 min read11 Jun 2019JV to buy Indiabulls promoter Gehlaut’s 39% stake in IBREL for ₹2,700 croreDeal is likely to be completed in three transactions, with the JV taking a 15% stake this week
2 min read6 Jun 2019Embassy Group is scouting for stressed hotel assets to expand its hospitality business outside BengaluruIt plans to enter Mumbai, Pune, Hyderabad, Chennai, Goa and Delhi NCR over the next three years
2 min read29 Mar 2019KIAFL announced that "it has extended ₹725 crore to Embassy Group to finance a premium office development in BangaloreEmbassy Group is a leading real estate developer with a strong presence in the commercial office space sector
1 min read11 Feb 2019The listing of India’s first REIT by Blackstone-backed Embassy Group has been in the offing for quite some time, but it now finally appears that it will be listed within the first half of 2019, said Shobhit Agarwal, MD & CEO, ANAROCK Capital.
2 min read14 Jan 2019In a tweet on Thursday, the CCI said it approves acquisition of real estate assets of Embassy Group and Blackstone Group by Embassy.
1 min read7 Dec 2018A well-regulated real estate market will spur the world’s biggest asset managers to look at India more seriously over the long-term
10 min read18 Oct 2018REIT returns hinge on the rental yields from commercial spaces and price appreciation of the units, depending on the trends in realty
3 min read2 Oct 2018The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared