Page 4 - Raghavendra Kamath

Adi Godrej to quit as chairman of Godrej Industries on October 1

Godrej said the company's "best years are ahead" and looks forward to Nadir and his team achieving exciting aspirations

Edelweiss Wealth Management planning to raise $1 bn via pre-IPo funds

The Crossover strategy will involve the launch of a series of funds over the next 12-18 months to achieve the stated target of $1 billion

Brookfield buys 30 acre land near Mumbai for Rs 600 cr to build data centre

The JV would expand Brookfield Infrastructure's global data infrastructure portfolio, which includes $23 billion in assets across data transmission, distribution and storage

'Chawl' revamp to slash Central Mumbai realty prices by up to 25%

Experts say over the next decade, 12-million sq. ft development will transform the micro markets of Worli and Lower Parel into a mid-market affordable housing settlement

Govt's SWAMIH Fund to invest Rs 650 crore in six Amrapali projects

Fund manager SBICAP Ventures said it has signed agreement with Supreme court-appointed receiver for infusing the funds

Oberoi to Hiranandani, top Mumbai realtors turn to building redevelopment

Tata Realty, the real estate arm of Tata Sons, is also looking to redevelop residential buildings in South Mumbai

Amid Covid, Mumbai sees 10-year high in property registrations in July

Normally, properties need to be registered within three months of the purchase

Mumbai mega makeover has big opportunities for both realtors and residents

Real estate companies say that if planned properly, the eastern corridor can rejuvenate Mumbai

Maharashtra RERA blacklists 644 residential projects in state, bars sale

About 43% blacklisted projects are in Mumbai Metropolitan Region alone, followed by 29% in Pune; the remaining are in smaller towns Nagpur, Nashik and Kolhapur, among others

Nisus Finance to invest Rs 500 crore for stressed and incomplete projects

Fund manager has already roped in an anchor investor that has committed Rs 100 crore for the stressed assets fund called Real Estate Performance Fund

Lodha sells 22-acre land parcel in Palava industrial park to Japanese firm

Palava Industrial and Logistics Park has now emerged as the preferred partner for companies looking for warehousing and industrial space solutions in Mumbai

Embassy Office Parks REIT expects demand to bounce back in early FY22

Occupancies may fall 100-200 bps in the coming quarters

Yondr group, Everstone form JV for data centres with $1 bn initial capital

The first facility to be located in Mumbai Metropolitan Region, for which land and power have been acquired, will deliver 30 Mw by 2023 and 60 Mw of IT capacity when fully developed

Developers continue to offer incentives to attract homebuyers: Anshul Jain

Office vacancies will rise in the interim owing to some new supply hitting the market in the second half of the year, says MD (India & South East Asia), Cushman & Wakefield

'Work near home' lifts corporate leasing of co-working spaces by 73% in H1

Companies are looking at managed spaces for the triple benefits of cost savings, lease flexibility and the hybrid/hub-spoke model of working that they offer

PAG to invest Rs 1,054 cr for majority stake in contract manufacturing firm

Vishal Shah will retain a significant minority stake in Acme and continue as managing director and CEO.

Mahindra Lifespace goes aggressive in buying land parcels for new projects

Analysts expect its sales bookings value to grow 39 per cent on compound annual growth rate (CAGR) basis between FY21 and FY25

Property consultant Colliers appoints Ramesh Nair as CEO for India

Nair joined Colliers from JLL India, where he held the position of CEO & country head, leading over 12,000 people

Motilal Oswal to raise Rs 4,000 cr fund from domestic, global investors

About 18 to 20 per cent of the fund will be contributed by Motial Oswal

Mahindra Lifespace Developers shifts gear; charts aggressive growth plans

The company, which lagged peers Godrej Properties and Prestige Estates Projects, seeks to invest Rs 500 cr every year in buying land parcels for new projects