Alta Capital buys IndoSpace’s 2.5 million sq ft warehousing assets for Rs 840 cr
Investment and asset management firm Alta Capital has acquired over 2.5 million sq ft logistics built and fully-leased assets from IndoSpace in a deal valued at over $100 million or Rs 840 crore, said persons with direct knowledge of the development.This is one of the largest deals involving warehousing and logistics assets in India this…
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All about the Navratri Golu 2024
The festival of Navratri is celebrated all across India and different Indian states celebrate it differently according to the customs and traditions they follow. While in Kolkata and places near West Bengal people celebrate the Navratri with Durga Puja, people in Gujarat celebrate with Dandiya and Garba. Likewise, people in Tamil Nadu celebrate Navratri by…
READ MOREPrivate equity investment inflows into the Indian real estate reaches 2023 level in nine months
Private equity investment inflows into the Indian real estate sector reached USD 2.2 billion in Q3 2024, 93% growth on a sequential basis and more than double the investment volume recorded in the same period last year. Additionally, at USD 3.9 billion between January and September, the inflow has exceeded the investment quantum registered in…
READ MORENAREDCO seeks govt action on aviation constraints impacting urban real estate
Realty developers’ body the National Real Estate Development Council (NAREDCO) has urged the government to resolve regulatory challenges that hinder real estate development in major cities like Mumbai, Chennai, and Kolkata.In bid to help resolve the issue, the developers’ body has made certain recommendations that were discussed during a recent meeting with a Joint Working…
READ MOREHouse of Hiranandani to invest Rs 3,200 crore to redevelop 15 acres in Mumbai’s Chembur
Developer House of Hiranandani has entered two separate agreements to undertake redevelopment of five housing societies spread over 15 acres in Mumbai’s Chembur suburb with an investment of over Rs 3,200 crore.These projects hold development potential of over 1.7 million sq ft and are estimated to have gross development value of over Rs 5,000 crore.The…
READ MOREEngineering, manufacturing and BFSI occupiers to account for 40% of office demand during 2025-27
India’s office space demand is increasing steadily, driven by a diversifying landscape of occupiers from various sectors like technology, engineering & manufacturing, BFSI, healthcare, consulting, and flexible workspaces as opposed to traditional dominance of the technology sector Over the next three years (2025-27), engineering & manufacturing and BFSI occupiers are expected to lease about 11-12…
READ MOREIndia’s office market sees shift as domestic firms eye 65 million sq ft between 2024-2025
The Indian office market is experiencing a notable shift, with domestic companies projected to lease 60-65 million square feet of office space between 2024-2025, a significant departure from the historical dominance of global corporations, particularly those from the United StatesDuring 2022-2023, domestic firms witnessed a significant 60% increase in office space absorption compared to the…
READ MORECapitaLand Investment to raise up to $250 million through India data center fund
Singapore-based global institutional investor CapitaLand Investment is looking to raise over $200-250 million through a fund to invest in India’s burgeoning data centers sector and the fund is expected to be concluded in the next few months, said a top executive.This fund is part of CapitaLand Investment’s plan to more than double its funds under…
READ MOREHiranandani’s Greenbase to develop industrial, logistics parks on 391 acres in Chennai
Greenbase Industrial and Logistics Parks, realty major Hiranandani Group and US-based private equity firm Blackstone Group’s joint venture, is set to acquire three land parcels spread over 211 acres across Southwest Chennai’s Oragadam area and in North Chennai, said a top official of the company.This land acquisition is expected to take the company’s total land…
READ MOREAshiana Housing enters into a joint venture to develop a senior living project in Chennai
Ashiana Housing Limited has entered into a joint venture with Arihant Foundations and Housing Ltd to develop a senior living project in Chennai, with an investment of Rs 225 crore. This will be Ashiana’s third senior living project in the city, reflecting the increasing demand for premium senior housing options in Chennai.”The project will meet…
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