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Alta Capital Acquires Over 2 Million Sq Ft in Prime Logistics Assets for INR 840 Cr

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.

By Admin

  • 8th Nov 2024
  • 1156 Views
Runwal Realty Acquires Prime 4-Acre Land in Worli, Plans INR 8000 Crore Luxury Residential Project

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.

By Admin

  • 27th Oct 2024
  • 1165 Views
Rhythm House Reborn - Iconic Kala Ghoda Music Landmark Sold to Bhaane Group for INR 48 Cr

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.

By Admin

  • 26th Oct 2024
  • 1156 Views
With INR 800 Crore Revamp IIM Mumbai Aims for Global Leadership in Management Education

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.

By Admin

  • 11th Sep 2024
  • 1191 Views
Deloitte India Leases 81000 Sq Ft in Oberoi Commerz 3 at Goregaon East at INR 2 Crore Monthly Lease

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.

By Admin

  • 8th Sep 2024
  • 1245 Views
IBM Secures Presence in Bengaluru with INR 143 Crore Annual Lease Renewal at Embassy REIT Property

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

By Admin

  • 31st Aug 2024
  • 1228 Views
ED Attaches INR 834 Crore Worth of Properties Linked to Emaar and MGF Developments

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.

By Admin

  • 31st Aug 2024
  • 1170 Views
The Chapter, an Isprava Company, to Invest INR 850 Crore in Developing Luxury Villas Across Key Leisure Destinations in India

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.

By Admin

  • 30th Aug 2024
  • 1269 Views
Triveda Capital Makes a Strong Entry into the Realty Market Securing INR 80 Crore in First Round of INR 250 Crore Realty Fund

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.

By Admin

  • 18th Aug 2024
  • 1230 Views
Bhive Workspaces Plans INR 800 Crore IPO for FY26, Targets Expansion Beyond Bengaluru

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.

By Admin

  • 9th Aug 2024
  • 1226 Views
Godrej Family Office Sells Stake in Sobha for INR 858 Crore

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.

By Admin

  • 27th Jul 2024
  • 1211 Views
JSW Infrastructure Acquires Prime Navi Mumbai Office Space in L&T Seawoods Grand Central for INR 88 Crore

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.

By Admin

  • 22nd Jul 2024
  • 1368 Views
Priyanjali Mariwala of Marico Family Acquires Luxury Flat at Signature Island, BKC for INR 65 Cr

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.

By Admin

  • 7th Jul 2024
  • 1240 Views
Gurugram headquartered Smartworks Secures INR 168 Crore Funding for Expansion

Smartworks, a flexible workspace provider in Gurugram, secured INR 168 crore ($22.24 million) from investors to fund its development goals.

By Admin

  • 28th Jun 2024
  • 1229 Views
Co-Working Company Awfis Achieves Profitability with INR 1.3 Crore Q4 Net Profit

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.

By Admin

  • 20th Jun 2024
  • 1237 Views
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