Surbana Jurong – Mitsubishi Corporation to Set up Rs 3,500 Cr Fund Management Company

US$500M Fund to Invest in Urban Development and Infrastructure Projects in Emerging Asia By Accommodation Times Bureau Surbana Jurong Capital, the newly established financial services arm of Surbana Jurong and Mitsubishi Corporation on September 14 signed an agreement to set up a fund management company (FMC). The FMC will be a 50:50

Mitsubishi forays into Indian real estate, buys 70% stake in ongoing residential project

By Rohit Sharma CHENNAI Shriram Properties Limited and an investment arm of Mitsubishi Corporation, Japan recently have inked agreement for partnership in an ongoing large residential development project in Chennai. Under the agreement, Mitsubishi arm is investing approx Rs180 crores towards 70% stake in an ongoing residential project Shriram Park 63. The project

Cube Highways to Sell Minority Stake to Mitsubishi-led Japanese Consortium

By Accommodation Times Bureau Cube Highways has signed definitive agreements for the sale of a minority stake to Japan Highways International (JHI), a Japanese consortium of infrastructure investors led by Mitsubishi Corporation. JHI’s investment reaffirms Cube Highways’ position as a leading owner and operator of highways in India and follows the

South Delhi corp seals over 50 commercial establishments

By Accommodation Times Bureau NEW DELHI On Friday South Delhi Municipal Corporation (SDMC) carried out a sealing drive in Kishangarh village. More than 50 commercial establishments, comprising 200 shops, offices, showrooms and hotels were sealed. The sealing drive has been initiated against these establishments for illegal use of DDA land for decades. South

HDFC promotes affordable hsg. raised $300 mn from ECBs

By Accommodation Times News Services HDFC India’s largest home finance company is promoting affordable housing through the Reserve Bank of India’s (RBI) special external commercial borrowing (ECB), facilitating for financing low-cost affordable housing. They have raised $300 million for a five-year tenor, from a consortium of four lenders, State Bank of