Home finance companies sell mortgaged assets
Housing finance companies are selling or auctioning the marquee assets mortgaged by borrowers as liquidity crunch is deepening in sectors such as non-banking financial institution (NBFC) and real estate. Take a look at these deals.
Last week, US-based private equity fund Blackstone acquired a marquee property in tony Bandra Kurla Complex area of Mumbai from Radius Developers for Rs 2,600 crore. In another deal, Mumbai-based developer Runwal group is buying an 8.8-acre land parcel in Borivali area of Mumbai from Cable Corporation of India (CCI) for Rs 550 crore.