DRA Properties, an actual property developer in Chennai, has introduced its foray into industrial improvement. It has emerged as the best bidder and signed a 99-year lease settlement with the Rail Land Improvement Authority for a primary 1.06 acre plot positioned at Egmore. The corporate plans to take a position ₹150 crore in growing a … Read more
The burgeoning development of World Capability Centres (GCC) targeted transactions in Chennai’s industrial actual property market has taken centre stage. Chennai has recorded a outstanding surge in GCC-oriented workplace transactions throughout 2023, totalling 6.02 million sq ft throughout 71 offers, mentioned a research by Knight Frank India, an unbiased, world property consultancy. This represents a … Read more
Chennai market has reported a decline in workplace house absorption throughout the first quarter of 2024, whereas different main cities have reported sturdy progress throughout the interval. The calendar yr has began on a powerful observe with the general workplace leasing market reporting a 35 per cent year-on-year enhance at whole leasing of 13.6 million … Read more
DRA Properties has proposed an funding plan of ₹2,000 crore for 2024-25 as the actual property developer has deliberate to launch new initiatives within the coming months. It has made an preliminary funding dedication of ₹500 crore within the Chennai actual property market. The corporate will deal with the mid-segment, starting from ₹50 lakh to … Read more
DRA Properties has proposed an funding plan of ₹2,000 crore for 2024-25 as the actual property developer has deliberate to launch new initiatives within the coming months. It has made an preliminary funding dedication of ₹500 crore within the Chennai actual property market. The corporate will deal with the mid-segment, starting from ₹50 lakh to … Read more
Embassy REIT, the most important actual property funding belief in Asia, will have a look at inorganic development choices, because it re-explores acquisition alternatives in Chennai. Additional, fund-raising plans are additionally below dialogue now. Additionally learn:Embassy REIT achieves FY24 leasing goal in 9 months In line with Aravind Maiya, Chief Government Officer, Embassy REIT, there … Read more
Ciklum, a worldwide expertise engineering agency, has introduced its acquisition of Infogen, a digital engineering providers firm, headquartered in america with India headquarters in Pune. Additionally learn: Lenovo trying to manufacture servers in India as ISG enterprise grows With this deal, Ciklum, at the moment headquartered in London with a growth heart in Chennai, propels … Read more
Puravankara Ltd has launched a ‘wellness’ themed plotted growth undertaking named Purva Soukhyam in Guduvancheri, Chennai. The undertaking contains over 2,200 plots starting from 600 sq. ft. to five,000 sq. ft. Abhishek Kapoor, Group CEO of Puravankara, stated, “Purva Soukhyam is designed to offer residents with a snug and balanced way of life and marks a paradigm … Read more
SpiceJet has introduced the launch of non‐cease flights connecting Ayodhya with Chennai, Bengaluru, and Mumbai, starting February 1, 2024. The airline will deploy its 189-seater Boeing 737 plane on these routes. The airline operator had introduced it could function a particular flight from Delhi to Ayodhya on January 21, 2024. The particular flight caters to … Read more
Cushman & Wakefield (C&W) and Nuvama Asset Administration have fashioned an equal three way partnership to arrange a ₹3000-crore platform that may put money into workplace initiatives. The Prime Places of work Fund, slated as a six-year close-ended fund, is anticipated to launch in roughly six months, pending approval from the Securities and Trade Board … Read more