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Alta Capital, an investment and asset management group, has bought 2.5 million sq ft of fully-leased logistics assets from IndoSpace for ₹840 crore (nearly $100 million). Indian logistics and storage insiders call this deal one of the year's biggest.
- 8th Nov 2024
- 1156 Views
Runwal Realty, a prominent real estate developer, acquired a 4-acre land parcel in Mumbai's Worli neighbourhood for ₹800 crore, including taxes and government levies. The developer plans to build a 1 million square foot luxury residential development, generating ₹8,000 crore in revenue.
- 27th Oct 2024
- 1165 Views
The Rhythm House near Kala Ghoda in Mumbai has reopened after closing permanently in 2016. Bhaane Retail, a Shahi Exports Pvt Ltd. affiliate, bought the famed music shop for INR 48 crore.
- 26th Oct 2024
- 1156 Views
The Indian Institute of Management (IIM) Mumbai, founded last year in Powai, will undergo a comprehensive renovation. An INR 800 crore ($100 million) makeover of the institute's 64-acre campus is planned.
- 11th Sep 2024
- 1191 Views
Deloitte India has secured over 81,000 sq ft of luxury office space on two floors of the Oberoi Commerz III skyscraper in Goregaon, Mumbai's busy western district. This strategic move is part of the company's long-term expansion strategy, with a five-year lease beginning November 1, 2024.
- 8th Sep 2024
- 1245 Views
IBM renewed its lease for 830,000 square feet of Embassy Golf Links Business Park office space in Bengaluru. The ₹143 crore yearly leasing contract is one of the biggest in the commercial office space category this year. According to insiders, this initiative would strengthen the US technology giant
- 31st Aug 2024
- 1228 Views
Emaar India Ltd and MGF Developments Ltd have had immovable assets worth over 401 acres and ₹834 crore temporarily attached by the Enforcement Directorate (ED). Emaar owns properties worth ₹501.13 crore, while MGF Developments retains the remaining assets at ₹332.69 crore.
- 31st Aug 2024
- 1170 Views
The Chapter, a luxury vacation house developer supported by industry leaders including Nadir Godrej, Anand Piramal, and the Burman family of Dabur India, plans to spend around ₹850 crore. This project aims to build luxury villas in India's top leisure spots.
- 30th Aug 2024
- 1269 Views
SEBI-registered alternative investment fund (AIF) Triveda Capital has raised 80 crore in its first close, aiming to raise 250 crore. Ranjan Pai, chairman of Manipal Education and Medical Group, led the investment, a milestone for the new fund.
- 18th Aug 2024
- 1230 Views
A senior official at Bhive Workspaces, a top provider of managed office spaces, has announced plans for an IPO valued over ₹800 crore in the coming year. Before the IPO, Bhive wants to diversify its portfolio by lowering its 95% reliance on Bengaluru.
- 9th Aug 2024
- 1226 Views
Nearly half of the ownership in Bengaluru-based real estate developer Sobha was sold in block agreements for around ₹857.70 crore by a company owned by the Godrej Industries Group family office.
- 27th Jul 2024
- 1211 Views
JSW Infrastructure has acquired office space in Navi Mumbai's Nerul from L&T Realty for ₹88 crore, an important move in the commercial real estate sector.
- 22nd Jul 2024
- 1368 Views
Priyanjali Mariwala, a member of the Marico family, bought a luxury flat in Mumbai's Bandra-Kurla Complex (BKC) for 65.25 crore. Sunteck Realty's Starlight Systems constructed Signature Island, an ultra-luxury residential skyscraper with an 8,300-square-foot apartment on the first level.
- 7th Jul 2024
- 1240 Views
Smartworks, a flexible workspace provider in Gurugram, secured INR 168 crore ($22.24 million) from investors to fund its development goals.
- 28th Jun 2024
- 1229 Views
Office space sharing company Awfis, which went public last month, reported a net profit of ₹1.3 crore for the January-March quarter, a significant turnaround from a ₹13.8 crore loss in the same period last year.
- 20th Jun 2024
- 1237 Views