360 Realtors to acquire 2 lakh sq ft of commercial and retail space

18 Oct 2021 CW Team

360 Realtors, a real estate advisory company, is in discussion to obtain 2 lakh sq ft of commercial and retail space for Rs 200 plus crore for a fractional ownership platform.

The firm has already obtained a 20,000 sq ft of retail space at a Gurgaon mall for Rs 25 crore.

360 Realtors founder Ankit Kansal told the media that they would list the property for raising money from investors and are presently targeting at least 10 properties in NCR.

As per JLL, fractional ownership is a new way of investment in commercial real estate and has created comprehensive rebranding in the real estate sector.

While the idea of fractional ownership in real estate has been accepted in the US and European markets for a long time, it is now getting momentum in India.

The commercial realty asset class has been the playground for big institutional investors for years and is getting momentum as an investment avenue for the ambitious middle class and retail investors.

The asset size they are aiming at would be between 20,000-50,000 sq ft as it will be simple to exit. Later on, they will add warehousing also as demand for it has surged due to Covid-19.

The firm additionally aims to raise Rs 500 crore to finance delayed residential projects in 2022.

The AIF will acquire realty inventory in bulk in stressed real estate projects. The fund is being distributed by prominent wealth managers and investment bankers.

While in residential, they aim to get last-mile funding for stalled projects and achieve it, in the commercial sector, they will only concentrate on fractional ownership.

Image Source

Also read: Sunrays Infra to build 1.4 lakh sq ft commercial space in Haryana

Infrastructure Urban

14 May 2026

Maharashtra Clears Rs 317.93 Bn For Virar Alibaug Corridor

Maharashtra has granted administrative approval for phase one of the 14-lane Virar-Alibaug Multi-Modal Transport Corridor, an access-controlled route to improve connectivity across the Mumbai Metropolitan Region and link the Jawaharlal Nehru Port Authority, Navi Mumbai International Airport and the Mumbai Trans Harbour Link. The first phase spans 126.06 km and is estimated at Rs 317.93 billion. The Urban Development Department lists the construction cost at Rs 215.34 billion. The alignment is proposed through 104 villages across Vasai, Bhiwandi, Kalyan, Ambernath, Panvel, Uran, Pen and Alibaug..

Gurugram To Control Streetlights Via Mobile App

The Municipal Corporation of Gurugram has announced a mobile app based system to operate and monitor the city streetlighting network as part of a smart city upgrade. The initiative will bring 0.112 million streetlights under digital control, replacing the previous practice in which workers manually switched lights across different sectors. The programme is intended to improve maintenance efficiency and strengthen the digital infrastructure of the city. The move aligns with broader urban digitalisation efforts in the region. The platform will allow officials to operate the streetlights remotely..

Ahmedabad Plans Singapore Style Artificial Intelligence Indoor Garden

Ahmedabad will host a proposed Singapore style indoor garden on the Sabarmati Riverfront, a project unveiled at the Vibrant Gujarat regional conference by Simon Wong. The proposal, modelled on Singapore's Gardens by the Bay, aims to blend architecture, ecology and technology to create a year-round attraction. Organisers positioned the scheme as part of broader smart city and tourism ambitions for the region. The project is planned as a climate-controlled dome designed to recreate a tropical forest environment with artificial rain simulation, immersive fog and dense tropical plantations. Advanc..