Krisumi Corporation, India’s Indo- Japanese venture in real estate, has appointed Mohit Jain as the Managing Director. Krisumi Corporation, a joint venture of two titans: Sumitomo Corporation, a Fortune 500 company that has delivered 300 real estate projects globally and the automobile components behemoth Krishna Group. In his new role at Krisumi Corporation, he will…
JLL, a real estate consultancy firm, has announced that, Rahul Arora, currently Managing Director, Bangalore will now head its Office Leasing Advisory business for India. Rahul will continue to serve as a member of the India Leadership Council and will be joining the Asia Pacific Executive Committee for Office Leasing Advisory. Radha Dhir, CEO &…
IIFL AMC has appointed Amar Merani as Head of the Real Estate Strategy. He will be responsible for managing investments and will help build the client base of the company. “With the emergence of REITs as a new asset class, real estate offers tremendous growth potential. Amar’s rich experience coupled with a deep understanding of…
RMZ Corp, privately-owned real estate owner & developers and Canada Pension Plan Investment Board has announced that they have entered into a joint venture to develop and hold commercial office space in Chennai and Hyderabad. CPP Investments will invest INR 15,000,000,000 (US$210 million), which will allow for the expected development of 10.4 million square feet…
Migsun Group, has announced acquisition of HDFC and Ansal’s stake in Ansal IT City Park (SEZ) Tech Zone, Greater Noida. The group now plans to develop the 37.5 acre mixed-use project with Commercial, IT, and Industrial. With the latest announcement, Migsun Group will have 100 percent stake after acquiring HDFC’s 37% stake and the rest of Ansal…
Softbank-backed coworking space company, WeWork recently announced that it will inject $100mn in its India unit WeWork India to help boost growth. The two companies are trying to take advantage of the long-term opportunities that India offers as a flexible workspace market. “The fresh round of capital from our long-term partners at WeWork Global represents…
Online real estate rental platform NoBroker.com recently announced that it has raised $30million in Series D funding round by General Atlantic. Reportedly, this is the third investment by the Singapore-based Venture Capitalist firm in the startup. The company said this is an extension of its Series D funding, as part of which it had raised…
Real-estate brokerage startup, Compass has reportedly laid off 15% of its workforce due to the ongoing crisis in the real estate industry because of the coronavirus outbreak. As per a TechCrunch report, based on an internal email accessed by the media, the Softbank-backed startup has recently has laid off 15% of its staff as a…
Runwal Developers, a Real Estate developer in Mumbai, has bagged three prestigious awards under various categories at CNN News 18 Real Estate and Business Excellence Awards. The Awards were held at St. Regis at Mumbai and witnessed the presence of prominent names from the Real Estate and Corporate fraternity. At the event, Runwal Developers bagged…
According to a report by Cushman & Wakefield, private equity investments in the real estate sector during the first three quarters of 2019 rose to Rs 39,182 crore, up 19% from a year ago period. Bulk of it was bagged by commercial real estate segment including the office segment that remained the favoured investment asset…