KKR cracks Rs.1,000 cr realty plan

In a recent development in the country’s real estate sector, Marquee American investor KKR & Co is striking its first equity investment deal in Indian real estate sector and is likely to invest $150 million, or about Rs.1,000 crore in the IPO-bound Lodha Developers. Up till now, KKR through its NBFC has extended more than Rs.4,000 crore in financing to developers— mostly in Mumbai, Bangalore and the National Capital Region—including a Rs.500 crore loan to the Mumbai-based Lodha in the past and is again investing in the country‘s largest residential builder by sales, sources said. KKR is investing at a time when global risk investors have shied away, leaving the volatile sector dependent on structured financing deals. Sources said adding that KKR will invest in a part of the Lodha business, in a special purpose vehicle which will eventually migrate to an entity going for the public offering late this year or early next calendar.

: Published: 01 July 2017

Siemens to supply indigenous propulsion system to railways

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Kochi Metro Rail gets Rs. 356-cr expansion

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L&T wins ₹14,000-cr airport project in Mumbai

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Puravankara chalks plans for 13 realty projects worth ₹3,000-cr

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Gurugram readies for ₹1,100-cr infra projects

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Ramky Infra bags ₹494-cr housing project

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Spanish firm Ayesa wins ₹311-cr rapid rail contract

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DMRC floats bids for Phase-III of MRTS projects

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PMRDA hastens Phase-III of ₹8,313-cr metro line

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MRSDC speeds up ₹46,000-cr Samrudhi Expressway

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Govt. doubles up ₹119-cr NH as airfield for IAF fighters

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PWD unveils ₹150-cr worth of flyovers in South Delhi

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Tata BlueScope Steel Receives Green Pro Certification from CII-Green Products and Services Council

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PWD plans ₹300-cr elevated Barapullah corridor extension

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