Government-led reforms to boost hotels sector growth

Beta Group Acquires 10% Stake in Anta Builders

Beta Group, a diversified transnational conglomerate engaged in commodity trading and food products, has announced its foray into India’s real estate and infrastructure sector through a strategic investment in Kerala-based Anta Builders.As part of the agreement, Beta Group will acquire a 10 per cent equity stake in Anta Builders, based on a company valuation of Rs 5.50 billion. The move marks a significant step for both organisations toward enhancing their presence in India’s rapidly evolving urban development landscape.The MoU and shareholding agreement were formalised in Thiruvananthapur..

Aurum PropTech Acquires PropTiger from REA India for Rs 860.45 Mn

Aurum PropTech has acquired 100 per cent equity in home brokerage platform PropTiger Marketing Services India from REA India in an all-stock deal valued at Rs 860.45 million. The acquisition is part of Aurum’s broader strategy to strengthen its footprint across the real estate technology ecosystem.In a regulatory filing dated July 23, Aurum announced that its Board had approved the preferential allotment of 42,42,537 equity shares (face value Rs 5) to REA India Pte, Singapore, in consideration for the acquisition.As part of the agreement, REA India will receive a 5.5 per cent equity stake in..

Sunteck Realty Signs JDA for Rs 12-Bn Project on Mira Road

Mumbai-based Sunteck Realty (SRL) has entered into a joint development agreement (JDA) to develop a 3.5-acre land parcel in Mira Road, Mumbai. The project, with an estimated gross development value (GDV) of Rs 12 billion, will add approximately 5.5 lakh square feet of carpet area to the company’s portfolio.The land parcel, measuring about 13,500 square metres, is strategically located along the Western Express Highway, offering excellent connectivity via the upcoming Metro Line 9 (Miragaon Station), and proximity to Dahisar and Mira Road railway stations.This marks Sunteck’s continued expa..