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Prestige Estates Acquires Prime Land and Development Rights in Pune for Over INR 200 Crore

Prestige Estates Projects' subsidiary Prestige Exora Business Parks purchased its partner's land parcel and development rights in Pune's desirable Kharadi neighbourhood. Land of about 4.5 acres was acquired for approximately ₹200 crore.

By Admin

  • 6th Sep 2024
  • 1209 Views
Mindspace Business Parks REIT Sets Record with Over 2 Million Sq Ft Leasing in Q4

Mindspace Business Parks REIT leased over 2 million square feet in the quarter ended March 2024, a record. This is the greatest lease volume since its August 2020 IPO, totaling 3.6 million square feet for 2023-24.

By Admin

  • 1st May 2024
  • 1313 Views
Singapore Based CapitaLand Investment to Invest INR 4500 Cr in Tamil Nadu

Singapore-based CapitaLand Investment Ltd. signed three significant MoUs with Tamil Nadu on January 9. The state would get around Rs 4,500 crore from this ambitious endeavour over five years.

By Admin

  • 11th Jan 2024
  • 1274 Views
Raheja Mindspace REIT Plans to Develop 8 Lakh Sqft Property in Airoli, Navi Mumbai

K Raheja Corp-backed Mindspace Business Parks REIT aims to create an 8 lakh-square-foot mixed-use building with commercial offices and a luxury hotel in its Airoli east business park in Mumbai.

By Admin

  • 1st Nov 2023
  • 1461 Views
Bajaj Electricals Leases 61000 Sq Ft of Office Space in One International Centre, Lower Parel, Mumbai

According to people familiar with the deal, Bajaj Electricals has leased a full floor of office space at One International Centre in Mumbai's Lower Parel business area from Blackstone Group unit Nucleus Office Parks for almost five years.

By Admin

  • 3rd Jun 2023
  • 1654 Views
Embassy REIT Announces INR 3348 Million Acquisition of Embassy Business Hub in North Bangalore

Embassy Business Hub, a Bangalore office building of 1.4 million square feet, will be acquired by Embassy Office Parks REIT for Rs 3,348 million (USD 41 million).

By Admin

  • 28th Mar 2023
  • 1517 Views
Mindspace REIT is Acknowledged as a Great Place To Work For The Second Consecutive Year

Mindspace Business Parks REIT has been designated a Great Place To Work for the second year running.

By Admin

  • 14th Mar 2023
  • 1369 Views
Global Auto Parts Companies including Benteler, Lumax Lease Production Space at Horizon Industrial Parks, Pune

Horizon Industrial Parks in Chakan, Pune, funded by the Blackstone Group, has leased 410,000 square feet of custom-built manufacturing space to automotive businesses including Germany's Benteler Automotive and the Lumax-DK Jain Group's Lumax Auto Technologies.

By Admin

  • 21st Dec 2022
  • 1490 Views
Mindspace Biz Parks REIT Raise 100 Crore INR Through CPS Offering

Since the capital markets regulation allowed REITs to employ commercial papers in 2022, K Raheja Corp's Mindspace Business Parks REIT is India's first to do so.

By Admin

  • 21st Dec 2022
  • 1429 Views
Mindspace Business Parks REIT Collaborates With The Government of Telangana to Build a School

Mindspace Business Parks REIT has built a brand-new school for the children of Gambhiraopet, a village in the Telangana district of Sircilla.

By Admin

  • 19th Dec 2022
  • 1505 Views
Welspun One Plans to Spend INR 2000 Crore For Setting Up Warehousing Facilities in Karnataka

Welspun One Logistics Parks (WOLP), a finance, development, and asset management company, signed a Memorandum of Understanding (MoU) with the Government of Karnataka to strengthen its position in the southern India warehousing business and invest Rs 2,000 crore in the state.

By Admin

  • 4th Nov 2022
  • 1551 Views
5 Important Reasons For The Growth of The Real Estate Market in Hadapsar, East Pune

Hadapsar is appealing to real estate investors because of its proximity to a variety of large businesses, industrial hubs, and technical parks, as well as its rich historical legacy.

By Admin

  • 1st Oct 2022
  • 1612 Views
The Embassy Manyata Hilton Hotel and Convention Centre Officially Launched in Bengaluru

Embassy Office Parks REIT, India's first publicly traded real estate investment trust, and global hospitality business Hilton have established the Hilton Bengaluru Embassy Manyata Business Park and the Hilton Convention Centre in Bengaluru.

By Admin

  • 2nd May 2022
  • 1486 Views
Mumbai Headquartered Mindspace REIT Q3 Net Operating Income Up Approximately by 4 Per Cent

On February 10, 2022 Mindspace Business Parks REIT announced a 3.8 percent rise in quarterly and nine-month net operating income to Rs 371.5 crore for the quarter and nine months ended December 31, 2021.

By Admin

  • 11th Feb 2022
  • 1593 Views
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