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Christmas footfall fails to spread cheer evenly - Vimarsana News

Christmas footfall fails to spread cheer evenly

Demand for fashion and gadgets remained strong during the festive season, with a recovery of almost 130% of revenues compared to 2019.

Real estate space sizzles with surging demand, soaring sales; rush for properties to continue in 2024 - Vimarsana News

Real estate space sizzles with surging demand, soaring sales; rush for properties to continue in 2024

Market experts strongly believe the demand will not only sustain in 2024 but rise further, albeit at a slower pace, on high economic growth and expectations of a fall in home loan interest rate.

Blackstone exits Embassy REIT; sells 23.5% stake for Rs 7,100 crore - Vimarsana News

Blackstone exits Embassy REIT; sells 23.5% stake for Rs 7,100 crore

Embassy REIT CEO Aravind Maiya said the entity’s public shareholding continues to go up and has increased from 30 per cent at IPO to 92 per cent now.

Blackstone sells its entire stake in Embassy REIT for ₹7,100 crore - Vimarsana News

Blackstone sells its entire stake in Embassy REIT for ₹7,100 crore

Embassy Office Parks REIT is India's first Real Estate Investment Trust (REIT) sponsored by Blackstone and Bengaluru-based realty firm Embassy group.

Blackstone sells entire 23.5% stake in Embassy REIT for Rs 7,100 crore - Vimarsana News

Blackstone sells entire 23.5% stake in Embassy REIT for Rs 7,100 crore

Global investment firm Blackstone on Wednesday sold its entire 23.5 per cent stake in Embassy Office Parks REIT for around Rs 7,100 crore, according to sources. Embassy Office Parks REIT is India's first Real Estate Investment Trust (REIT) sponsored by Blackstone and Bengaluru-based realty firm Embassy group. Blackstone sold its stake in the entity at around Rs 316 per share through open market transactions and at this price, the deal is valued at about Rs 7,100 crore, the sources said.

Source: rediff.com