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KV Kamath committee’s recommendations to resurrect stressed real estate sector

The KV Kamath committee prepared a resolution framework for sectors hit by coronavirus pandemic. The Reserve Bank of India accepted the committee’s resolution frameworks recommendations that are expected to provide relief to stressed real estate developers and individual home loan borrowers. The real estate sector already reeling under the pressure of subduing demand, severe liquidity […]

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Supreme Court directed SBICap to release Rs.625 crore from SWAMIH fund for six Amrapali projects

Last week the Supreme Court provided much needed relief through its judgment for all home buyers who have booked apartments in Amrapali projects. After prolonged delay and non-completion of the apartments by the developers due to lack of finance home buyers welcomed the court judgment with open hands. The Supreme Court directed SBICap Venture to […]

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Blackstone Group likely to acquire Prestige Group’s rental income assets for INR 12,745 crore

Private equity giant Blackstone Group is in advance talks to acquire Indian real estate developer Prestige Group’s rental income assets for approximately INR 12,745 crore (USD 1.7 billion). While comparing to all previous major deals in India, it is going to be the largest real estate portfolio buyout in India. The US-based Blackstone Group with […]

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