News

Over 83 acres of Grade A warehousing space transacted under a PPP model Close to INR 700 Cr invested by Blackstone’s Horizon Industrial Park  New Delhi, September 02, 2024: Knight Frank India, the country’s premier real estate and infrastructure advisory consultancy, has successfully executed the monetisation of ~83 acres of prime Grade A warehousing properties for Central Warehousing Corporation (CWC), India’s largest public sector warehousing company. As part of its monetisation efforts, CWC earmarked prime warehousing properties across 50+ locations for modernization and development under Public-Private Partnership (PPP) with a total investment of INR 782 crores across 16 properties. Blackstone’s Horizon Industrial Park has committed to developing Grade A warehousing across 13...

Bengaluru, 2nd September 2024 : In a significant development, Regency Ceramics - a legacy ceramic manufacturing company listed on BSE/NSE has announced a structured takeover of Segno Ceramics Private Limited. The standout deal will grant Regency Ceramics complete control of the manufacturing plant, effective from August 22, 2024. Regency Ceramics is committed to make a significant impact and aims to contribute to the industrial resurgence within the state. Regency Ceramics has entered into an agreement without the burden of heavy capex spend, ensuring a marginal impact on cash flows. The all-cash deal will strengthen Regency Ceramics’ market position, particularly in South and East India. Spread over 50 acres, the plant has a production capacity of 3.6 million sq.mtrs (MSM) per year. Th...

Bangalore 31 August 2024: The D4A Education Foundation hosted the inaugural Educators’ Guild Awards (TEGA), a prestigious event honoring the outstanding contributions of educators in Bengaluru. The awards ceremony recognized the dedication, passion, and innovative teaching methods of educators who have significantly impacted the lives of their students. The awards ceremony, held on August 31, 2024, was a resounding success, drawing together a diverse group of educators, students, parents, and community members. The event was a testament to the profound impact that educators can have on the lives of young people. Award Categories: Shiksha Ratna: Lifetime achievement award recognizing teachers who have made a significant impact not only in their schools but also in their communities. ...

New Delhi, 28th August 2024 – Square Yards, India’s largest integrated real estate marketplace, has announced its Q1 FY25 results, reporting an impressive revenue of INR 261 crore (USD 31 million), a 52% year-over-year (YoY) increase. This marks the 12th quarter out of the last 13 where the firm has delivered over 50% YoY growth. “Q1 has consistently contributed 16-18% of our overall revenue, and based on this trend, we project revenue for FY25 to align with our forecast of INR 1,506 crore (USD 180 million)”, stated Tanuj Shori, Founder and CEO, Square Yards. “We anticipate maintaining gross margins above 25% and EBITDA margins around 7% at the corporate level. Overall, we remain on track for over 50% growth this fiscal year, targeting revenue that reflects a robust four-year CAGR of 50...

The new facility, offers more than 2,000 desks. The cost per seat will start at around Rs 9,000 per month. Bengaluru August 29, 2024: Managed co-working firm Urban Vault has leased 100,000 square feet of prime office space at Brigade Summit, one of the iconic mixed-use projects by Brigade Group, in Whitefield, Bengaluru. This move aims to expand its business and meet the rising demand for managed workspaces. With this leasing transaction, Urban Vault—a self-funded, bottom-line-driven company that provides managed workspace solutions to corporates—has entered the Whitefield area. Whitefield is a key residential and commercial hub with modern infrastructure, hosting many tech companies, shopping malls, and entertainment options, making it a popular choice for both corporates and profes...