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Emanuel Arlinda

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In June this yr, Indiabulls Real Estate promoters had sold 14 per cent stake in the firm by way of open market transactions to Bengaluru-based mostly Embassy Group for Rs 950 crore as part of its strategy to concentrate on financial companies and exit the realty business. Indiabulls Real Estate final week introduced sale of its property in London to a promoter group firm for 200 million kilos (about Rs 1,830 crore) as part of its plans to give attention to the India enterprise and minimize debt. The extremely-anticipated Continuum Residential Real Estate Investment Trust initial public offering has been withdrawn after the corporate accepted an all-cash offer from Toronto-based mostly Starlight Investments valuing the REIT at greater than $1.73 billion. Toronto’s booming residential real estate market has caught the eye of Grammy-award profitable artist Pharrell Williams. Sign up now to receive the latest native & world real estate news in your inbox.