Durval Luiz de Oliveira Pereira, First Secretary and Head, Promotion Sector, Embassy of Brazil, New Delhi India and Brazil have enjoyed a long history of partnership and cooperation with a relationship that has been extensive and comprehensive.
The CII (Competition Commission of India) app-roved a real estate deal between global private equity giant Blackstone Group and Pune-based realty firm Embassy Group. Embassy Group and Blackstone are involved in the proposed deal, having joint control over an entity engaged in the business of development and management of commercial and office space and related activities. While the exact size of the deal has not been disclosed, it has been billed as one of the biggest realty deals in the coun
Global investor Blackstone is set for a possible maiden profit from the Indian real estate market, riding on robust luxury apartment sales in Bangalore. Blackstone is exiting a joint venture with southern developer Embassy Property Developments, building 467 residential units, raking in more than Rs 210 crore, said people familiar with the matter. It represents about 28 per cent absolute profit and an annualised return on investment topping 40 per cent in just 18 months, the sources said.
Global investor Blackstone is set for a possible maiden profit from the Indian real estate market, riding on robust luxury apartment sales in Bengaluru. Blackstone is exiting a JV with southern developer Embassy Property Developments, building 467 residential units, raking in more than Rs 210 crore.
Embassy Group recently launched its premium gated community Embassy Boulevard at Bellary Road in North Bengaluru. Designed by Singapore-based Andy Fisher Workshop, this is a serene enclave of 170 spacious villas in sizes ranging from 4,000 sq ft to 7,400
Bangalore's builders are facing stiff competition from the big IT park developers. Embassy Group and DivyaSree Developers, better known for their office buildings, together garnered more than 5.5 per cent share of the residential market last fiscal, intensifying top-tier competition in probably the only Indian metro to report double-digit growth in home sales.
Almost a year after Goldman Sachs Group Inc invited bids for its 6.5 acre under-construction project in Bengaluru, where a Four Seasons hotel and residences were planned, it accepted a bid by RMZ Corp.