The company has identified Global Technical Systems, a US based surveillance technology developer, as a collaborative partners in India.
Prime property rates in South Mumbai at Rs 60,000 a sq ft remain high despite a slowing realty market.
Religare Enterprises, the financial services group promoted by Malvinder Singh and Shivinder Singh, was in advance talks with the Ajay Piramal group to buy a 60 per cent stake in the latter's private equity and fund management venture, Indiareit Fund Advisors, for Rs 175 crore, said an executive close to the development.
CPPIB is looking to partner with RMZ because the latter is aggressive on both new developments and acquisitions.
Modi's demonetisation move has hit the real estate market in Delhi and Mumbai
Piramal Realty received equity funding from Warburg Pincus and Goldman Sachs in July.
The logistics segment is becoming a hot favourite of private equity, of late.
Bigger companies are signing equity JVs with global investors.
In one of the largest FDI deals in realty sector, global private equity Warburg Pincus will invest Rs 1,800 crore (Rs 18 billion) in Piramal Realty, which would use the funds to develop mixed-use projects in the megalopolis.
Thomas Cook, which is looking to shift its offices to one of the places such as Lower Parel, Dadar, Bandra Kurla Complex or Andheri, is likely to take a decision in the next three to four months.
Markets end higher ahead of Fed outcome, China stimulus
The Lodha Group has bought land parcels worth Rs 12,000 crore in Mumbai
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