Indiabulls Real Estate and Embassy Group sign definitive merger documentation
Real Estate

Indiabulls Real Estate and Embassy Group sign definitive merger documentation

NAM Estates (NAM) and Embassy One Commercial Property Developments (NAM Opco) have entered into a definitive merger documentation to amalgamate ongoing, completed and planned residential and commercial projects of NAM and NAM Opco (Embassy Assets). The combined IBREL entity will become one of I...

NAM Estates (NAM) and Embassy One Commercial Property Developments (NAM Opco) have entered into a definitive merger documentation to amalgamate ongoing, completed and planned residential and commercial projects of NAM and NAM Opco (Embassy Assets). The combined IBREL entity will become one of India’s leading real estate development platforms. The merger will provide diversification to IBREL shareholders towards a balanced mix of residential and commercial development with visibility on near term liquidity through sold receivables in excess of Rs.42.20 bn for the combined entity.Contact: Vineet Singh, Group CMO, Embassy Group.Address: Embassy Point, 1st floor, 150 Infantry Road, Bengaluru-560 001.Tel: 080-4179 9999.E-mail: info@embassyindia.comWebsite: www.embassyindia.com

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Real Estate

Inspira Realty Plans 8-10 Redevelopment Projects in Mumbai

Inspira Realty, a leading Mumbai-based developer and a part of Inspira Global, has announced plans to undertake 8–10 new redevelopment projects across the city’s key western and southern corridors. With this expansion, the firm is poised to exceed its current Gross Development Value (GDV) of Rs 40 billion and drive forward its urban transformation agenda. The company has commenced the financial year with two development agreements signed in Borivali and Santacruz (W) and is actively negotiating further acquisitions. These projects, expected to span a construction area of 4 million sq ..

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Real Estate

U-Sphere Bags First Private Project with Ceenex in Thiruvananthapuram

U-Sphere, the high-tech construction arm of ULCCS, has secured its first major private sector project: the design and construction of a new training facility for Canada-based Ceenex Global Computer Private Limited in Sasthamangalam, Thiruvananthapuram. The agreement was signed by Remeshan Palery, Director, U-Sphere, and Muhammed Irfan, Director, Ceenex Global. As part of the project, U-Sphere will deliver the core structural framework and building envelope within a fast-tracked seven-month schedule. This facility will serve as a key hub for Ceenex’s initiatives across e-governance, heal..

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Equipment

Godrej Motor Solutions Targets Rs 10 billion Revenue by FY28

The Motor Solutions business of the Godrej Enterprises Group is aiming for Rs 10 billion  in revenue by FY28, with 20 per cent of this expected from exports. For FY26, the business is targeting Rs750 crore, driven by demand growth across electric vehicles (EVs), HVAC, pumps, and actuators in both domestic and international markets. Xercsis Marker, EVP & Head, Motor Solutions Business, Godrej Enterprises Group, said,  “We are strengthening our manufacturing capabilities through significant R&D investments and advanced technology adoption. We continue to invest in t..

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