Investing

Plaza Hotel May Sell For $600M To India's Sahara Group

India's Sahara Group is eyeing New York City's iconic Plaza Hotel after Israeli owners at El Ad Properties have offered to sell the landmark for $600 million. According to the Economic Times, the Sahara group has already paid a 10 percent down payment for the 105-year-old building following exclusive negotiations between the two real-estate conglomerates. Furthermore, Sahara's founder, Subrata Roy, has made an all-cash offer through Aamby, a Mauritius-based subsidiary, according to the ...

In Tatas' Footsteps: Sahara Group to Snap Up NY's Iconic Plaza Hotel

It seems Indian business conglomerates are increasingly getting smitten by iconic brands and landmarks across the globe.

Reforms to Encourage More Private Investment in UK Social Housing

Moves to encourage more private investment in social housing through Real Estate Investment Trusts have been announced by ministers in the UK.