Mahindra Lifespace, Actis form JV to build industrial & logistics park; 1st project in Chennai
New Delhi: Realty firm Mahindra Lifespace Developers Ltd and Actis have formed a joint venture platform ‘Ample Parks’ for the development of industrial and logistics parks and will build their first 70-acre project in Chennai. Actis, a leading global investor in sustainable infrastructure, and Mahindra Lifespace have formally launched a joint venture Ample Parks, an…
READ MOREBangalore remains frontrunner in GCC office leasing, followed by Hyderabad Chennai
Bengaluru: Global Capability Centers (GCCs) in India have leased approximately 53 million square feet of office space in key Indian cities between 2022 and the first half of 2024, such as a highly skilled workforce, cost advantages, and favourable business conditions, according to CBRE and Zyoin’s latest report.This growth is expected to continue, especially in…
READ MOREKeppel buys office asset in Chennai for βΉ2,100 cr
Singapore-based global asset manager and operator Keppel has acquired One Paramount 1 tech park in Chennai for about βΉ2,100 crore, said three people aware of the deal. The prime office asset is jointly owned by realty developer RMZ Corporation and Canadian pension fund CPP Investments.The property in Chennai’s Porur area is spread over more than…
READ MORESouth India’s data centre market to witness 65% capacity growth by 2030
The data center market in South India is experiencing significant growth, particularly in key cities such as Chennai, Bangalore, and Hyderabad driven by government incentives, strategic infrastructure investments, and increasing demand for digital services.The region is poised to substantially impact the global data centre landscape, with an anticipated 65% increase in capacity by 2030. The…
READ MORETata Realty & Infra secures loan worth Rs 825 crore from IFC
MUMBAI | BENGALURU: Tata Realty & Infrastructure has secured a loan worth Rs 825 crore loan from the World Bank Group member International Finance Corporation (IFC) for the strategic refinancing of Ramanujan Intellion Park in Chennai.This financing is a part of Tata Realty’s broader commitment to advance its sustainability efforts and elevate the standard of…
READ MOREGross leasing of office space up 8 pc to 158 lakh sq ft in Apr-Jun in top 6 cities: Colliers
Gross leasing of office space is estimated to have risen 8 per cent annually during the April-June quarter across six major cities on better demand especially in Mumbai, according to Colliers. Gross leasing of office space is estimated at 15.8 million (158 lakh) square feet during April-June as against 14.6 million square feet in the…
READ MORESameera Group lines up Rs 500 cr for senior living
Real estate developer Sameera Group has earmarked βΉ500 crore as investments over the next five years to set up 1,000 senior living homes across South India, the company said.For developing the senior living homes, city-based Sameera Group has signed a memorandum of understanding with Vedaanta Senior Living that aims to create high-quality senior living communities,…
READ MOREUnsold housing stock up 24 per cent in top 7 cities, builders need 22 months to sell: Report
Unsold housing stocks across seven major cities have risen by 24 per cent since 2019 due to higher supply, but realty firms will take 31 per cent less time to sell these units because of high sales velocity, according to JLL India. In a report released on Thursday, real estate consultant JLL India said the…
READ MOREBrigade Enterprises to invest Rs 8,000 cr in Chennai by 2030 to build homes, offices, malls, hotels
Bengaluru: Realty firm Brigade Enterprises Ltd on Wednesday announced an investment of Rs 8,000 crore in Chennai property market for development of housing, commercial and hotel projects. In a regulatory filing, Brigade informed that “the company has planned an investment of over Rs 8,000 crores by 2030 in Chennai to expand its business in the…
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